Word: deficit
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Dates: during 1960-1969
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...problems have forced Sizer to choose between research projects and programs for training urban teachers. The Ed School has one of the lowest endowments in the University (less than two percent of the University's total), dependent on grants for two thirds of its funds. It runs a perpetual deficit, compounded in the past few years by an expensive project to construct a new library...
...long last, the British balance of trade deficit is showing substantial improvement. Almost everyone was pleasantly surprised last week when the Board of Trade announced the August totals of imports and exports. Exports rose $70 million to $1.33 billion. Imports, under the government's austerity program, have decreased from $1.58 bil lion to $1.56 billion since July. The deficit, therefore, was a mere $229 million, the best Britain has done in 14 months...
...decision to raise the salaries, which was made in the face of a large projected budget deficit from 1968-69, was necessary to keep up with increased cost of living for teaching fellows, Dean Ford said. The raises will put an additional burden of $300,000 on the already-tight Faculty of Arts and Science budget, Ford said...
Ford added that there was "no new item of income that specifically justified" the $300,000 expenditure. To find the extra money, Ford said he was simply gambling that the Faculty of Arts and Sciences could receive more money than it had originally been budgeted, or that the deficit could be covered through "the normal channels"--such as surpluses from the summer school...
...overcome the strike setbacks, Premier Couve de Murville has turned to "the only policy imaginable" - swift economic expansion. In keeping with that goal, the French Cabinet last week unveiled a 1969 budget that calls for an 11% increase in government spending, to $30 billion. While creating a deficit of about $2.5 billion, such outlays are expected to help boost French industrial production by 7% next year, enabling the French economy to achieve a substantial 5½% to 6% growth...