But Mr Kuijs argues that these numbers mask a lot of government saving and investing.
As money was diverted from the payroll tax, government saving would fall while private saving rose.
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However, net negative government saving (the budget deficit) overwhelms the others and make total national saving negative.
Arithmetically, higher government saving and a bigger external deficit imply a further fall in private net saving.
National saving is composed of personal saving, business saving, and government saving, i.e. an excess of tax revenue over expenditures.
That's because of burgeoning fiscal deficits (lower government saving) and falling corporate savings (the result of falling profits, which can drop by around one-third in economic recessions).
Our national saving, consisting of personal saving, business saving, and government saving, has been inadequate, in part because the government saving component, measured by the budget balance, has been negative rather than positive.
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By definition, the sum of private and government net saving is equal to the external deficit.
They're of dubious military value, and the UK Government is saving money by delaying the in-service date of one by six years, while mothballing the other.
The UKBA is due to lose 5, 000 posts by 2015 as part of government cost-saving measures.
The AECB estimates that the true CO2 saving from government building regulations is more like 10%.
But what did he accomplish by saving the government by taking that job?
This is run for the Scottish Government by the Energy Saving Trust.
Some, possibly many of those 4.89 million people could probably be paid more, saving the government money without hurting jobs or bankrupting their employers.
Other things equal, the reduction in the trade deficit due to fracking will reduce imported capital and put pressure on investment relative to saving and government spending relative to taxing.
The proposal for a no-fee degree would provide another option - saving the government the expense of financial support, while allowing students and their families to avoid fees and student debt.
These changes will lead to a huge saving in the government's pension costs.
However, America must bear much of the blame for its failure to do anything to curb household and government borrowing and so boost saving.
Speaking at a news conference in Rome, Mr Monti urged Italian parties not to destroy what he said was his government's achievement in saving Italy from that crisis.
Consumers have surprised me in their ability to consume and save at the same time, even though much of the saving is being supported by transfer payments and the national impact so far has been offset by the negative saving of the government.
More and more working class and lower middle class people will see no point in saving through the government's voluntary pension schemes: savings cannot be extended down the income scale by clever tax vehicles, but only by reform of the welfare state to make saving worthwhile.
With more than one out of every six dollars of Federal government spending going to contractors, increasing accountability and saving money in contracting is critical to creating a Federal government that is efficient and effective.
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By strengthening its homelessness safety net, the Scottish Government is making excellent progress in saving people from the horrors of homelessness.
Mr. Obama has said he is strengthening Medicare by bringing down the government's costs and by saving seniors money on prescription drugs.
However, the Energy Saving Trust says the government's plans do not require energy companies to provide separate energy monitors when they install the new meters.
Mr Manuel sees his fiscal surplus as the government's contribution to a national saving effort.
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The recent rise in national saving was led by the government and the corporate sector.
The government wants to encourage more voluntary pension saving especially among low-to-middle income earners through stakeholder pensions.
Economics 101 students also learn that the three sources of net saving are: private saving, saving from abroad, and government dissaving.
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