A Surplus of Ambition: Can Europe Rely on Large Primary
... small, open economies where market pressure is intense are more likely to exhibit large, persistent surpluses. So are countries where the debt ratio is high, again heightening the pressure for adjustment. In terms of institutional correlates, we find that surplus episodes are more likely when elect ...
... small, open economies where market pressure is intense are more likely to exhibit large, persistent surpluses. So are countries where the debt ratio is high, again heightening the pressure for adjustment. In terms of institutional correlates, we find that surplus episodes are more likely when elect ...
Population ageing systems in and pension Latin America
... and Roseveare, 1995) predict that over the twenty-first century pension payments could range from 5% to 20% of GDP and that deficits could be from 0% to 10% of GDP, unless substantial adjustments are made over the coming years. The main factors influencing these forecasts are the long-term trend tow ...
... and Roseveare, 1995) predict that over the twenty-first century pension payments could range from 5% to 20% of GDP and that deficits could be from 0% to 10% of GDP, unless substantial adjustments are made over the coming years. The main factors influencing these forecasts are the long-term trend tow ...
The Macroeconomic Effects of Large-Scale Asset Purchase Programs
... financed with the creation of excess reserves. The Federal Reserve purchased a total of $1.75 trillion in agency debt, mortgage-backed securities and Treasuries starting in early 2009, followed by a second Treasury-only program in the fall of 2010.1 Also in early 2009, the Bank of England set up an ...
... financed with the creation of excess reserves. The Federal Reserve purchased a total of $1.75 trillion in agency debt, mortgage-backed securities and Treasuries starting in early 2009, followed by a second Treasury-only program in the fall of 2010.1 Also in early 2009, the Bank of England set up an ...
Accounting Principles 8th Edition
... objectives to all parts of the company Promotes efficiency Control device - important basis for performance evaluation once adopted ...
... objectives to all parts of the company Promotes efficiency Control device - important basis for performance evaluation once adopted ...
Slides in Microsoft PowerPoint Format
... amount cannot be reasonably estimated. b. it is reasonably possible the contingency will happen, and the amount can be reasonably estimated. c. it is probable the contingency will happen, and the amount can be reasonably estimated. d. it is reasonably possible the contingency will happen, but the am ...
... amount cannot be reasonably estimated. b. it is reasonably possible the contingency will happen, and the amount can be reasonably estimated. c. it is probable the contingency will happen, and the amount can be reasonably estimated. d. it is reasonably possible the contingency will happen, but the am ...
Overview of Governmental Fund Accounting
... Scenario 3 (General Fund) One entry in the fund: Expenditures—Capital Outlay ...
... Scenario 3 (General Fund) One entry in the fund: Expenditures—Capital Outlay ...
Crunch Time: Fiscal Crises and the Role of Monetary Policy*
... mechanics of debt accumulation and economic growth, we calculate the level of the primary government surplus that would be necessary to keep debt from continually growing as a percentage of GDP. We argue that if this required surplus is sufficiently far from a country’s historical experience and po ...
... mechanics of debt accumulation and economic growth, we calculate the level of the primary government surplus that would be necessary to keep debt from continually growing as a percentage of GDP. We argue that if this required surplus is sufficiently far from a country’s historical experience and po ...
Public Debt and Deficits
... taxation decisions, to help society meet these objectives. Australia has an established framework—strategies, objectives, rules and institutional structures—for thinking about fiscal policy. However, this has not prevented some poor policy outcomes in the past. Most recently, participants in the ‘po ...
... taxation decisions, to help society meet these objectives. Australia has an established framework—strategies, objectives, rules and institutional structures—for thinking about fiscal policy. However, this has not prevented some poor policy outcomes in the past. Most recently, participants in the ‘po ...
Privatization CP -
... order. After all, what US families also do when they are in debt is to sell stuff. Infrastructure privatization in the US has been slow to take off in comparison to continental Europe, the UK, Canada and Australia. The effects of this can be seen in the difference in quality of US infrastructure com ...
... order. After all, what US families also do when they are in debt is to sell stuff. Infrastructure privatization in the US has been slow to take off in comparison to continental Europe, the UK, Canada and Australia. The effects of this can be seen in the difference in quality of US infrastructure com ...
Adjusted Free Cash Flow
... March 8 th , at 1:05 p.m. ET using the slides attached to this Current Report on Form 8-K as Exhibit 99.1. The Company will also participate in the Goldman Sachs Leveraged Finance Healthcare Conference in New York City on March 8, 2011. HealthSouth Senior Vice President and Treasurer, Ed Fay, will m ...
... March 8 th , at 1:05 p.m. ET using the slides attached to this Current Report on Form 8-K as Exhibit 99.1. The Company will also participate in the Goldman Sachs Leveraged Finance Healthcare Conference in New York City on March 8, 2011. HealthSouth Senior Vice President and Treasurer, Ed Fay, will m ...
EUROPEAN COMMISSION Brussels, 22.2.2017 SWD(2017) 84 final
... fiscal-structural part of CSR 1, no progress has been made in increasing public and private R&D expenditure. Regarding CSR 2, the Netherlands has made no progress in facilitating the transition to permanent employment contracts. While no specific measures were taken to reduce distortive tax incentiv ...
... fiscal-structural part of CSR 1, no progress has been made in increasing public and private R&D expenditure. Regarding CSR 2, the Netherlands has made no progress in facilitating the transition to permanent employment contracts. While no specific measures were taken to reduce distortive tax incentiv ...
Assumptions and Schedules - Government of Nova Scotia
... estimate, while Total Expenses are projected to increase by 0.9 per cent. Average annual revenue growth is estimated to be 2.2 percent over the four-year fiscal period (Chart 1A), with anticipated expenses growing at 1.8 per cent on an average annual basis, which will allow the province to be in a s ...
... estimate, while Total Expenses are projected to increase by 0.9 per cent. Average annual revenue growth is estimated to be 2.2 percent over the four-year fiscal period (Chart 1A), with anticipated expenses growing at 1.8 per cent on an average annual basis, which will allow the province to be in a s ...
State of Illinois Enacted FY2015 Budget
... in newly eligible recipients under the Affordable Care Act, whose expenses are entirely covered by the federal government and do not affect General Funds. Group insurance costs were expected to increase by less than 1% in FY2015, with negotiated savings offsetting enrollment increases and medical in ...
... in newly eligible recipients under the Affordable Care Act, whose expenses are entirely covered by the federal government and do not affect General Funds. Group insurance costs were expected to increase by less than 1% in FY2015, with negotiated savings offsetting enrollment increases and medical in ...
Dynamic Fiscal Policy - University of Pennsylvania
... referred to as net exports or the trade balance. We say that a country (such as the US) has a trade surplus if exports exceed imports, i.e. if X M > 0. A country has a trade de…cit if X M < 0; which was the case for the US in recent years. In Table 1 we show the composition of nominal GDP for 2011, ...
... referred to as net exports or the trade balance. We say that a country (such as the US) has a trade surplus if exports exceed imports, i.e. if X M > 0. A country has a trade de…cit if X M < 0; which was the case for the US in recent years. In Table 1 we show the composition of nominal GDP for 2011, ...
Endowment? - Office of the Vice President for Finance and Treasurer
... For endowment accounts, the spending rule provides a guaranteed income figure that determines how much money is available to spend for a given account in a given fiscal year. The figure is a percentage of the endowment fund’s market value and is determined by the Office of Budget and Management Anal ...
... For endowment accounts, the spending rule provides a guaranteed income figure that determines how much money is available to spend for a given account in a given fiscal year. The figure is a percentage of the endowment fund’s market value and is determined by the Office of Budget and Management Anal ...
Fund Account System (GASB Statement 54) 7215
... Minimum fund balance deficiencies shall be replenished within the following time periods: 1. Deficiency resulting in a minimum fund balance between 12.5% and 15% shall be replenished over a period not to exceed one (1) year; 2. Deficiency resulting in a minimum fund balance between 0% and 12.5% shal ...
... Minimum fund balance deficiencies shall be replenished within the following time periods: 1. Deficiency resulting in a minimum fund balance between 12.5% and 15% shall be replenished over a period not to exceed one (1) year; 2. Deficiency resulting in a minimum fund balance between 0% and 12.5% shal ...
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... ensure an adequate fiscal effort to make sufficient progress towards the medium-term objective. Prioritise growth-enhancing expenditure including committing on time remaining projects cofinanced with EU funds under the current financial framework. • Increase the effective retirement age by aligning ...
... ensure an adequate fiscal effort to make sufficient progress towards the medium-term objective. Prioritise growth-enhancing expenditure including committing on time remaining projects cofinanced with EU funds under the current financial framework. • Increase the effective retirement age by aligning ...
Securing Medicaid Federal Financial Participation for
... wishing to receive Medicaid FFP must work closely with the designated state agency to achieve this. While Medicaid must be managed by a “single state agency,” that entity is free to subcontract these administrative While not formally approved by CMS, this document was written with consultation by th ...
... wishing to receive Medicaid FFP must work closely with the designated state agency to achieve this. While Medicaid must be managed by a “single state agency,” that entity is free to subcontract these administrative While not formally approved by CMS, this document was written with consultation by th ...
Should We Extend the Role of Private Social Expenditure?
... Public social spending includes all government expenditure on income transfers and social services. ‘Government’ includes both central and local government, and also those bodies such as social insurance funds which are formally separate from government, but which in practice are controlled by tight ...
... Public social spending includes all government expenditure on income transfers and social services. ‘Government’ includes both central and local government, and also those bodies such as social insurance funds which are formally separate from government, but which in practice are controlled by tight ...
For copies of the Mid-Year Review, please contact
... Right Honourable Speaker, on behalf of His Excellency, President John Dramani Mahama, and in accordance with Article 179(8) of the 1992 Constitution, I stand before this august House, to present a Mid-Year Review and revised budget and macroeconomic targets for 2014. These are necessitated by recent ...
... Right Honourable Speaker, on behalf of His Excellency, President John Dramani Mahama, and in accordance with Article 179(8) of the 1992 Constitution, I stand before this august House, to present a Mid-Year Review and revised budget and macroeconomic targets for 2014. These are necessitated by recent ...
Comparisons of OECD Debt
... figures is almost certainly very misleading. Rapidly ageing populations present a number of countries with the prospect of enormous future costs that are not wholly recognised in current budget projections. The size of these future obligations is anybody’s guess. As far as we know, there is no defin ...
... figures is almost certainly very misleading. Rapidly ageing populations present a number of countries with the prospect of enormous future costs that are not wholly recognised in current budget projections. The size of these future obligations is anybody’s guess. As far as we know, there is no defin ...
The pace of recovery
... are concerned about the secrecy in which the deal is being negotiated. An agreement which brings lower consumer, environmental and workplace standards, more power for foreign investors to restrict what governments can do (such as returning elements of the NHS to the public sector), and greater liber ...
... are concerned about the secrecy in which the deal is being negotiated. An agreement which brings lower consumer, environmental and workplace standards, more power for foreign investors to restrict what governments can do (such as returning elements of the NHS to the public sector), and greater liber ...
Word - ACT Legislative Assembly
... is sustainable (this will in part depend on the types of investments made), and ...
... is sustainable (this will in part depend on the types of investments made), and ...
Jamaica: Fifth Review Under the Extended Fund
... The program is on track. Jamaica’s four-year, SDR 615.38 million (225 percent of quota) Extended Arrangement under the EFF was approved by the IMF Executive Board on May 1, 2013, and the first four reviews under the program were completed on schedule. All endJune 2014 quantitative performance criter ...
... The program is on track. Jamaica’s four-year, SDR 615.38 million (225 percent of quota) Extended Arrangement under the EFF was approved by the IMF Executive Board on May 1, 2013, and the first four reviews under the program were completed on schedule. All endJune 2014 quantitative performance criter ...
us contract security industry - the Florida Association of Security
... billing approximately $2.8 Billion. Since that time, G4S has divested some of the traditional standing security officer business, and has limited its acquisition activity in the U.S. security market to mostly electronics and highend investigative type companies. As indicated later in this report, G4 ...
... billing approximately $2.8 Billion. Since that time, G4S has divested some of the traditional standing security officer business, and has limited its acquisition activity in the U.S. security market to mostly electronics and highend investigative type companies. As indicated later in this report, G4 ...
Expenditures in the United States federal budget
The United States federal budget contains a number of expenditures, which include mandatory programs such as the Medicare and Social Security programs, military spending, and discretionary funding for Cabinet Departments (e.g., United States Department of Justice) and agencies (e.g., Securities & Exchange Commission).During FY2014, the federal government spent $3.504 trillion on a budget or cash basis, up $50 billion or 1% vs. FY2013 spending of $3.455 trillion. Major categories of FY 2014 spending included: Social Security ($845B or 24% of spending), Healthcare such as Medicare and Medicaid ($831B or 24%), Defense Department ($596B or 17%), non-defense discretionary spending used to run federal Departments and Agencies ($583B or 17%), other mandatory programs such as food stamps and unemployment compensation ($420B or 12%) and interest ($229B or 6.5%).Expenditures are classified as mandatory, with payments required by specific laws, or discretionary, with payment amounts renewed annually as part of the budget process. Expenditures averaged 20.4% GDP over the past 40 years, generally ranging +/-2% GDP from that level. The 2014 spend was 20.3% GDP, versus 2013 spend of 20.8% GDP and a recent 2009 peak of 24.4% GDP.CBO projects that spending for Social Security, Healthcare programs and interest costs will rise relative to GDP over the 2015-2025 period, while defense and other discretionary spending will decline relative to GDP.Over the past 40 years, mandatory spending for programs such as Medicare and Social Security has grown as a share of the budget and relative to GDP, while other discretionary categories have declined. Medicare, Medicaid and Social Security grew from 4.3% of GDP in 1971 to 10.1% of GDP in 2012.In the long-run, expenditures related to Social Security, Medicare and Medicaid are growing considerably faster than the economy overall as the population matures. The Congressional Budget Office estimates that Social Security spending will rise from 4.8% of GDP in 2009 to 6.2% of GDP by 2035, where it will stabilize. However, CBO expects Medicare and Medicaid to continue growing, rising from 5.3% GDP in 2009 to 10.0% in 2035 and 19.0% by 2082. CBO has indicated healthcare spending per beneficiary is the primary long-term fiscal challenge. Further, multiple government and private sources have indicated the overall expenditure path is unsustainable.