China can reverse or unwind the tightening policies they have been implementing and thereby provide more fiscal support, such as subsidies to key industries and consumers.
It has eased foreign-investment rules in the retail, civil-aviation and broadcasting sectors, and has reduced fuel subsidies to improve its fiscal health.
Since September, New Delhi has taken steps to boost growth, such as easing foreign investment rules in retail, civil aviation and television broadcasting, and has also reduced fuel subsidies to improve its fiscal health.
Petri, a fiscal conservative who wants to cut the huge taxpayer subsidies to private lenders, says Sallie Mae wants to scare people.
Mixed in the relentless coverage of the recent Congressional fiscal cliff negotiations were several articles about extending Federal milk subsidies.
So, ADM shares softened lately, in part over the subsidies and in part because it reported disappointing fiscal first-quarter earnings a month ago.
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Fiscal conservatives are angry that we're continuing to provide unlimited subsidies to the wealthiest farmers in America.
After years of high inflation at home the peso is no longer weak, and extravagant subsidies mean there is little or no scope for further fiscal stimulus.
In the new budget for the fiscal year starting this April, the ministry pointedly left out any mention of subsidies for Iwakuni.
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"I'd be happy to give up those subsidies if it's going to help our country get its fiscal responsibilities back in order, " he said.
The central bank has been urging the government to first cut subsidies, which lend an artificial boost to demand, and control its fiscal deficit before it would go on to lower interest rates aggressively.
At the top of his list is cutting down the cost of fuel and food subsidies which took the budget deficit to over 10% of GDP in the last fiscal year.
Yudhoyono convincingly did slash fuel subsidies in October, boosting street prices 125% in a much-anticipated step to stanch fiscal bleeding and to reduce demand for and smuggling of mispriced oil.
So now Democrats and a gaggle of interest groups are denouncing Mr. Obama's fiscal brainchild because the programs they cherish from job training to education, to the EPA and energy subsidies, to money for Planned Parenthood are about to get chopped too.
The government hopes to cut its subsidies--one of the key drivers of its deficit--by 10% in the next fiscal year starting April 1.
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