Word: budgeteering
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Dates: during 1970-1979
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...entire year. The admission provoked howls of alarm that the country could be heading toward uncontrollable triple-digit inflation. Finance Minister Simha Ehrlich proposed a stringent plan to reduce inflation by 1981 to 40%, at best, by slashing $1.5 billion in government spending, including $650 million from the defense budget. At that, Defense Minister Ezer Weizman, who has been seeking a 40% increase to defend the narrower peacetime borders, angrily bolted from the Cabinet meeting. Opposition leaders demanded that Ehrlich resign, and Begin was forced to postpone the ministerial vote on the plan. Nor was that all. At week...
...Though no new Government spending programs are in sight, the federal budget deficit will be far more than the $28.4 billion the Administration is forecasting for fiscal 1980 because the recession will reduce tax revenues...
...House budget measure must be reconciled with the Senate version, which has much the same totals: $532.6 billion in spending with a $29.0 billion deficit. Thus, Congress may miss the May 15 deadline for getting its budget resolution on the President's desk, which is not an irretrievable loss, because the resolution is only advisory and the final budget will not be voted on until this fall. A larger question, however, is whether the spending approved by Congress will ultimately satisfy the inflation-plagued public and lead to the balanced budget that Carter promised...
...meet another fast-approaching deadline, Thatcher huddled with her Chancellor of the Exchequer, Sir Geoffrey Howe, and his Treasury team over the new budget that is expected in mid-June. That will not only chart the government's plans for concrete economic policy, but will test the worth of Thatcher's hardest-hitting campaign promise: tax cuts. At the same time, she also tackled a range of other problem areas...
...next? In Peter Bogdanovich's case, it is back to basics. Saint Jack, the director's first film since 1976, is a sharp departure from the projects of his Hollywood heyday. Adapted from a Paul Theroux novel set in Singapore, the movie has a small budget, no big stars and not a single loving reference to a classic screwball comedy. Cybill Shepherd is nowhere in sight...