He insists his government will manage to cut a budget deficit that hit 8.9% of GDP last year.
The Chancellor, George Osborne told BBC Radio 4's Today programme: "I want a cut in the EU budget, David Cameron wants a cut in the EU budget" and both were determined to "end the outrageous increases in European spending".
Economists had thought that for each euro cut from a budget, the economy would lose about 50 cents in growth.
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They cannot find a way to cut 1 percent from a budget that would have to be cut by almost 25 percent to be balanced.
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Further, thanks to the action we have taken, 7 million Americans who lost their health care along with their jobs will continue to get the coverage they need, and roughly 20 million more can breathe a little easier, knowing that their health care won't be cut due to a state budget shortfall.
The sequestration cut would mean the agency will need to process an ever-growing number of complaints while dealing with a budget cut nearly four times larger than it absorbed in 2012.
Obviously a budget process we have had since we got here to cut the budget deficit in half over a four-year period of time.
There was a pressing need to give the Welsh government borrowing powers, he argued, citing a big cut in its capital spending budget as a result of a UK-wide public spending squeeze.
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He praised Mr Miliband's call to forge alliances in the EU to bring about reforms, but when asked to comment on Labour's demand for a cut in the EU budget, and support from some senior figures for a referendum on EU membership, he gave what he described as a "diplomatic" answer.
You say your principles are a balanced budget, a tax cut, extending the life of the Medicare Trust Fund.
The Democrat-controlled Senate is unlikely to pass a budget cut that big.
According to Welsh Labour MEP Derek Vaughan, the original plans would have meant a budget cut of 22% for areas such as west Wales and the valleys.
Under Rumsfeld's plans to "transform" the military with more lethal, more mobile and lighter weapons, the Cold War-era Crusader has been highly vulnerable to a budget cut.
As part of a budget cut Congress just passed, as of July 1 the interest rate on Plus loans will be fixed at 8.5%, more than double the rate two years ago.
Mr. Huerta and the FAA appear to have ignored the directive, shovelled out the bonus money, and then turned a budget cut of roughly 4% into a furlough of air-traffic controllers on 10% of their scheduled workdays.
After all, if uncertainty were the primary culprit, the right solution would be to cut a long-term budget deal with the White House, even at the cost of higher taxes on the wealthy, to remove uncertainty about future tax rates.
An outright government defeat would be a huge problem for David Cameron, leaving him precious little room for manoeuvre in euro-negotiations - and facing defeat if he fails to deliver a budget cut, and has to try to persuade the Commons to authorise an above-inflation budget settlement.
While the change of heart has come late for the two unfortunate souls who have already passed away as a result of the budget cut, at least those who remain alive would now have a chance to survive.
We have a war to win, a region to rebuild, a budget to balance, taxes to cut, a government to reform, and a nation to lead.
He refused to rule out a possible a cut in the EU's budget, saying it was the "beginning of a negotiation".
The chancellor said the government would listen to "all Conservative and coalition MPs" following the vote and refused to rule out a possible a cut in the EU's budget, saying it was the "beginning of a negotiation".
VisitBritain, the national tourism agency, has had its latest budget cut by a fifth.
There is also a strong belief that peace will come with a huge cut in defense budget.
Officials also fear that enforcement may slacken if the London-based Serious Fraud Office suffers a deep budget cut.
She's balanced a budget, cut taxes, and she's taken on the special interests.
Responding to the debate he repeatedly said that "a cut in the EU budget would not be in Wales' interest".
He said they had cut the budget deficit by a quarter in two years and there were "positive signs" for the future.
Overall, Mr Miliband welcomed a cut in the EU budget that Labour MPs had voted for (against the wishes of the prime minister).
Deputy Prime Minister Nick Clegg has paid tribute to David Cameron for negotiating "very skilfully" in favour of a cut to the EU budget.
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