"That is a huge sum of money for one budget cycle, " Spratt says.
We are like a startup, except even if we show traction, our project will get cancelled at the next budget cycle.
This document is used to describe and define the type of content including the entities, attributes, elements and notation used for the Exhibit 53 for the BY11 budget cycle.
WHITEHOUSE: Office of E-Government & Information Technology: Strategies and Guides | The White House
This document is used to describe and define the type of content including the entities, attributes, elements and notation used for the Exhibit 300 Schema for the BY11 budget cycle.
WHITEHOUSE: Office of E-Government & Information Technology: Strategies and Guides | The White House
This document is used to describe and define the type of content including the entities, attributes, elements and notation used for the submission of Exhibit 300s for the BY11 budget cycle.
WHITEHOUSE: Office of E-Government & Information Technology: Strategies and Guides | The White House
Guy Verhofstadt, a former Belgian prime minister and now leader of the liberal group in the European Parliament, is threatening to veto the 2011 budget altogether unless governments accept several conditions, including more financial independence for the EU in the next budget cycle.
ECONOMIST: Much stroppiness lies ahead in the EU budget negotiations
In the future, Mr Letwin wants the budget to balance across the cycle, a demanding goal, rarely, if ever, achieved in the post-war period.
It is similar to the system operated in the UK, where Chancellor Gordon Brown has promised not to run a budget deficit over the whole economic cycle - but not in any one particular year.
So Mr Brown can be more confident that the budget will roughly balance over the economic cycle.
LSE's Mr Layard argues that the stability and growth pact will not constrain the role of fiscal policy in stabilising the economic cycle, because the British budget is in balance.
It forecasts that the cyclically adjusted current budget will be in deficit when the next cycle starts in 2006-07.
Washington had entered the cycle of partisan brinksmanship over the budget that has sown confusion among federal agencies and delayed contracts to small companies like Brown's Navsys Corp.
So the flexibility usually enjoyed by a sovereign country to run budget deficits in a recession to counterbalance the business cycle is virtually nonexistent.
April's surplus will raise hopes that the Chancellor will meet his "golden rule" of balancing the budget, excluding investment, over the current economic cycle.
If he wants to cut taxes and increase public spending before the next general election, he will probably be able to do so without breaking his promise to balance the budget and control public-sector debt over the business cycle.
Although the Bretton-Woods system (1948-1971) was a pseudo-gold-standard manipulated by central banks, it was far superior to the fiat paper regimes seen since 1971, which have contributed so much to the boom-bust cycle, to unprecedented market volatility, over-leveraging, government budget deficits, debt crises, and economic stagnation.
FORBES: Gold, Reagan and the Reds: From Degraded Dollar to Downgraded Debt
Even so, his projections showed the current budget moving from deficit into surplus in 2009-10, allowing the rule to be met over the new economic cycle (see chart).
ECONOMIST: Gordon Brown's past imprudence is catching up with him
Although poorer countries still limit themselves to ad hoc welfare offerings, fitting the spending level to revenues one budget at a time, there is an increasing trend towards entitlements served by statutory institutions that will outlive the budgetary cycle.
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