In Britain, for instance, a contingency fund to help cash-strapped local authorities facing pressure on public services has been scrapped.
The contingency fund will ensure the government cannot be "held to ransom" as it aims to hit deadlines, Ms Jowell said.
The regions offer to help: Catalonia plans to cut pay, and Madrid has set aside a contingency fund in case income runs short in 2012.
Even considering fees to set it up and a contingency fund to fight the IRS if need be over valuation, the savings can be huge.
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But it was understood the contingency fund was meant to cover cost overruns, essential in a project with a fixed timetable, not lack of private money.
Ultimately though, Mr Bush can expect to get his contingency fund when the defence bill gets final approval from both houses of Congress in the autumn.
Establish a contingency fund for unexpected, irregular or emergency expenses.
Brazilian officials have indeed been talking to the International Monetary Fund and the American Treasury about setting up a contingency fund for Latin America, but no deals have yet been struck.
MEPs and the EU governments, which are collectively called the Council, have not yet agreed on a contingency fund to deal with emergencies, nor on financing of the Iter nuclear fusion project.
The committee's report says there needs to be a 8.5m contingency fund to deal with Croatia's accession to the EU in 2013 and the accompanying rise in MEPs, interpreters and support staff.
Funding for the athletes' village was initially expected to come from the private sector, but the credit crunch and downturn in the property market meant planners had to instead use money from a prearranged contingency fund.
The charity, which cares for 2, 000 miles of canals, rivers and docks in England and Wales, can pay for the repair bill from its contingency fund but this will divert money from other essential maintenance and improvement works.
Inclusion of Lithuania, along with Eastern Europe, in a new Contingency Energy Fund (CEF) administered by the G-7 or International Energy Agency (possibly established through an amendment to S.2040, the SEED program for Eastern Europe).
At the same time, serious consideration should be given to creation of a Contingency Energy Fund (CEF) that could be drawn upon (like the emergency currency stabilization package and food aid being offered by Western nations).
During the vulnerable period of supply diversification, a hedge against potential energy supply short-falls could be created through the creation of an alliance-wide Contingency Energy Fund for the countries of Eastern Europe and the Baltic states.
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Unlike the Fund's existing Supplementary Reserve Facility and new Contingency Credit Line, access to the contagion facility would require an explicit finding by a qualified majority of creditor countries that the crisis was systemic.
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