Government's expenditure less than projected
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The government's expenditure for 2004 was Lm1 million less than projected, the Prime Minister and Leader of the Nationalist Party (PN) Lawrence Gonzi said.
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The NHS looks like it has underspent by nearly Â£500m last year after making cuts amid pressure to avoid a deficit, early data shows.
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The nation's budget deficit will drop to $205 billion in the fiscal year that ends in September, even as a worsening deficit picture for future years makes it more difficult for President Bush to meet his pledge of a surplus by 2012.
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OTTAWA (CP) - The federal government confirmed Wednesday that its tax intake massively outweighed spending in the past fiscal year - producing a budget surplus of $9.
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President Bush's &#36;2.5 trillion budget is shaping up as his most austere, trying to restrain spending across a wide swath of government from popular farm subsidies to poor people's health programs.
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China&#39;s spending on construction and factory equipment edged lower in October, but there was no sign of a major cutback despite efforts to curb lending for such investments.
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The Health Ministry budget for treating psychiatric patients is short NIS 180 million, according to new research by the nonprofit Taub Center for Social Policy in Jerusalem.
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The US National Institutes of Health invests $28bn annually in research. European spending is lower, although the European Union is closing the gap, helped by a shortsighted American policy of &quot;flatlining&quot; many scientific research budgets. (Perhaps this is because scientists have an annoying tendency to discuss things that conflict with the Bush administration&#39;s view of reality, such as global warming, evolution, the insufficiency of the New Orleans levee system and the medical potential of stem cells.)
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New net German federal borrowing in 2004 came in at less than the government expected, though still higher than forecast in the year's initial budget, the Finance Ministry said Friday.
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Defense Secretary Gates says his budget asks for a lower percentage of GDP than the military spent during Vietnam. But his calculation rests on a dubious premise
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From $500,000 for a teapot museum in North Carolina to $450,000 for plants on the east side of the Capitol, the federal government spends hundreds of billions every year for grants, contracts, earmarks and loans. With creation of a new federal Web site, citizens will at least be able to see where some of their tax money goes.
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The United States doesn't have much in the way of productivity in its future according to BLS projections.
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The cost of government has risen about 20 percent since 1975, when taxes accounted for less than 30 percent of the gross domestic product of the O.E.C.D.âs member countries.
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Construction spending edged up slightly in November as a continued steep slump in housing was offset by record spending on government and business projects. But a key gauge of manufacturing activity fell in December to the lowest point in almost five years.
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The Royal Family cost UK taxpayers 62p each last year - less than the previous year, the Queen's accounts show.
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New figures show shortfall reaching $368 billion in fiscal 2005, not counting war costs.
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A number of spending initiatives promoted by President Bush as he seeks re-election are set to get less money than he wants from the Republicans who control Congress.