They are getting less because of
the reduction in public spending.»
Furthermore, this level of growth will catalyse a steady
reduction in the public spending - to - GDP ratio, from around 42.4 per cent next year to 42.0 per cent in 2010.
«We need to let people know that
reductions in public spending in Wales are lower than the average in the rest of the UK and a lot lower than England,» he said.
Under the deficit reduction plans that Ed Miliband put in Labour's manifesto last year, the biggest
reductions in public spending would come this year — so much for the «wrong time».
Not exact matches
[105] On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four - part proposal including an overall
reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new
public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning
in 2010.
Cutting government services — either temporarily
in a shutdown, or permanently through
spending reductions — can disrupt a broad range of commerce and hit American workers and businesses tied to the
public sector.
While Governor - elect Andrew Cuomo is a Democrat, he ran on a fiscally conservative platform that had more
in keeping with the Senate Republicans» interests — property tax cap,
public employee wage freeze,
spending reductions — than the majority of Democrats (particularly those who hail from downstate)
in the Senate and Assembly conferences.
The deficit
reduction programme takes precedence over any of the other measures
in this agreement, and the speed of implementation of any measures that have a cost to the
public finances will depend on decisions to be made
in the Comprehensive
Spending Review.
This is a tough and difficult situation that the economy is
in, but the one thing we mustn't do is abandon
public spending and deficit
reduction plans because the solution to a debt crisis can not be more debt.
When we look back at the historical data summarised
in Figure 1 below, we find the period since the mid-1980s has been one
in which successive governments have opted for small, year - to - year
reductions in the growth of overall
public spending, rather than greater
reductions over a shorter period.
Specifically, the manifesto argues for an end to austerity: the SNP proposal is for a 0.5 % annual increase
in public spending over the course of the next parliament, rather than the
reductions in spending which George Osborne laid out
in his March 2015 budget.
(It seems likely that the main rise
in public spending and
reduction of tax revenue over the 2008 - present period has been due to economic contraction rather than policy change - unemployed people claim benefits, don't pay tax on wages and pay much less VAT on purchases.
«This is a tough and difficult situation that the economy is
in, but the one thing we mustn't do is abandon
public spending and deficit
reduction plans because the solution to a debt crisis can not be more debt,» he added.
If the effect of these is a fall
in the volume of property transactions with a consequential
reduction in revenue, there is then less money to
spend on
public services and it is then hard to see the changes as especially progressive.
Such measures include: broad expansions of executive authority to redirect or reduce funding after the enactment of the Budget and the shifting of billions of dollars
in spending outside the Budget; the appropriation of significant amounts with little detail as to specific purposes or recipients; and
reduction of the independent oversight of
public resources.»
He added: «They have stuck at it but deficit
reduction has come at the cost of an unprecedented squeeze
in public spending.»
We have therefore agreed that there will need to be: - a significantly accelerated
reduction in the structural deficit over the course of a Parliament, with the main burden of deficit
reduction borne by reduced
spending rather than increased taxes; - arrangements that will protect those on low incomes from the effect of
public sector pay constraint and other
spending constraints; and - protection of jobs by stopping Labour's proposed jobs tax.
Yet
in a recent column (#) on
public spending he included this thought on what the Labour Party (or I suppose the Government) could do to achieve further
reductions:
You don't have to like Tony Blair, or what he did to Iraq to concede that he achieved more for ordinary people — increased
spending on
public services, the minimum wage, a
reduction in child poverty, peace
in Northern Ireland — than Foot, Kinnock, Miliband or Corbyn combined, by virtue of actually getting elected.
«Millions of
public sector workers would (
in the short term) face redundancy and the dole queue or massive
reductions in real
spending at a time when their homes would be under threat.»
The Department of
Public Works took the biggest cut with a $ 7.2 million
reduction in contractual
spending.
Mr Osborne used an interview with the BBC to confirm that further
reductions in benefits would form part of his package of severe cuts to
public spending to be unveiled on 20 October.
For example, no effort is made to show the increase
in public - school
spending in America during the past 30 (or 50) years, the uses to which that money has been put, the steady
reduction in class size, the huge increase
in numbers of school employees, and the various trends
in achievement that correlate almost not at all with any of these resource trends.
While we find only small effects for children from nonpoor families, for low - income children, a 10 percent increase
in per - pupil
spending each year for all 12 years of
public school is associated with roughly 0.5 additional years of completed education, 9.6 percent higher wages, and a 6.1 - percentage - point
reduction in the annual incidence of adult poverty.
For poor children, a twenty percent increase
in per - pupil
spending each year for all 12 years of
public school is associated with nearly a full additional year of completed education, 25 percent higher earnings, and a 20 percentage - point
reduction in the annual incidence of poverty
in adulthood.
What would Americans
in the 1960s reasonably have expected from their
public schools if they had been told that the future promised a tripling
in real
spending for education; a major
reduction in class size; and increased job security, higher pay, and sizable new fringe benefits for teachers?
The state's recent $ 4 billion
reduction in public education
spending has led to hiring freezes and layoffs
in many districts.
WakeEd partnered with WCPSS and North Carolina State University to measure economic impact
in four categories:
spending impact
in local economy, economic value of degrees awarded, future
reduction in public costs, and economic impact on local wealth.
A 20 % «increase
in per - pupil
spending each year for all 12 years of
public school leads to 0.9 more completed years of education, 25 percent higher earnings, and a 20 percentage - point
reduction in the annual incidence of adult poverty.»
When the unified budget is not
in surplus, these payments are made through some combination of increased taxation,
reductions in other government
spending, or additional borrowing from the
public.
The effectiveness of the national plan
in creating jobs and private
spending has prompted these groups to propose a
public / private partnership to strategically focus stimulus dollars that will enable a full - scale building industry revival while simultaneously addressing energy and greenhouse gas emissions
reductions.
The first request sought information relating to any additional costs to the MOJ and wider
public sector that may have been created as a result of the
reduction in government
spending on civil and criminal legal aid.
Recently the scope of legal aid funding has shrunk substantially
in line with
reductions in public sector
spending.