They noted while central government spending was now "significantly below budget limits", local authorities and hospitals were still over-spending.
The researchers speak as though there were no budget limits.
The stability pact that in theory limits budget deficits may buckle.
The Greek crisis cruelly exposed the EU's inability to police the budget-deficit limits imposed by the stability and growth pact, which is meant to underpin the single currency.
Second, fiscal policy in the euro area is constrained by the European Union's stability and growth pact, which limits budget deficits, while wages and prices are less flexible than in America.
Only now that Germany and France (along with Italy and Portugal) look set to breach the budget-deficit limits imposed by the pact, does the EU look ready to admit defeat and delay the deadline by a couple of years.
The stability and growth pact limits national budget deficits to 3%.
Burr, who refers to himself as a conservative, has supported the balanced budget amendment, spending limits, tax cuts and the abolishment of federal income taxes except in times of war.
Plenty of tablets come with a mouse mode, so it's just down to the limits of your budget.
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If they are right, then he is closer than he admits to the limits of his budget-balance rule.
The Dutch want to beef up the commission's powers to enforce the stability and growth pact, which sets limits on the budget deficits that member countries of the euro can run.
The cuts resulted from prison costs and state employee pensions and benefits taking an ever-larger part of the state budget, coupled with the limits on property tax revenues created by Proposition 13 in the 1970s.
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They believe that if the eurozone signs up to debt limits, to budget discipline through automatic sanctions, to budgetary convergence etc then that could pave the way for the ECB "to play its full role", as the French finance minister said at the weekend.
The timing of the green budget threw the question of the limits to growth into sharp relief.
The Republic of Ireland has voted on whether to ratify the EU's Fiscal Pact, which sets strict limits for countries' budget deficits.
Balanced-budget rules not linked to expenditure limits, such as America's Gramm-Rudman-Hollings act of 1985 and the European Union's Stability and Growth Pact, have been less successful.
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For Congress, it means passing budget reforms that impose hard and enforceable limits on new spending and debt.
More often than not, the blame for failed regulation falls squarely in the lap of those in charge because they often set unrealistic agendas and have little feeling for the limits of their staff and budget.
While the ECB fears that spending increases involved could be inflationary, politicians, executives and academics are calling for a modification of the Stability and Growth Pact, which limits eurozone countries to a maximum budget deficit equivalent to 3% of GDP.
While she favors a hike in the minimum wage and leans against fast track trade authority as a threat to state jobs, she "adamantly" favors a ban on partial birth abortions, is pro-life (with the usual exceptions), supports term limits and could support a Balanced Budget Amendment.
Far better would be statutory limits on spending increases and debt as a share of GDP, sequesters that automatically cut spending if Congress exceeds those limits, supermajority rules for replacing those limits, and revisions of the budget baseline so that each year's budget begins at last year's spending levels, not with automatic increases.
Please see my August 2011 article, Economically Responsible Budget Parameters, concerning federal debt and annual deficit limits we should plan for.
But, after three sets of budget cuts this year, they may be reaching the limits of politically possible tax rises.
The budget plan also ends guaranteed welfare for poor children, limits health care guarantees for the disabled and limits the growth of spending on Medicare.
Given the limits to the use of military power, and the budget constraints and unintended consequences of using payments to buy support from other countries, soft power is critically important to the U.S. ability to influence events in the world.
So a balanced budget is a reasonable goal, because it returns government to its proper limits and focus.
The House and Senate budget committees set spending targets and instructed appropriations committees to work within those limits.
The moral seems to be that a country that grows by 7% annually and sticks to spending limits can cut taxes, increase government spending and cut the budget deficit at the same time.
Eventually, they balanced the budget by dipping into the state's tobacco-settlement cash, which was meant to be off limits.
Police Commissioner Ray Kelly predicted this at the NYPD budget meeting back in May, and indicated that the Initiative will one day cover all of Manhattan, reported City Limits in June.
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