Word: outlay
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Dates: during 1960-1969
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...Supreme Soviet, Russia's rubber-stamp Parliament, met in the Great Kremlin Palace to approve the 1970 budget, and as usual, defense spending attracted the most attention. According to the official figures, the Soviet arms budget will rise only 1% to 17.8 billion rubles ($19.6 billion). The 1970 outlay will account for only 12.4% of the total $159 billion budget-the lowest share, the Soviets pointed out, in more than a decade...
...goods and services it produced in 1900. So reports the Stockholm International Peace Research Institute. The rate is accelerating. During the 1949-68 period, world military spending rose an average 5.9% a year, but for the past three years it has shot up by 8.9%. The U.S. outlay has jumped from an average annual rise of 7.7% to 12%. Last year the U.S. spent $79.6 billion for military purposes, followed by the Soviet Union with $39.8 billion. Together the two countries account for some 70% of the world's military spending...
...Even before the Canadian strike, supplies of nickel were short. Inco, whose executives concede that production has not kept up with demand, is now spending about $150 million annually to increase its Canadian output from last year's 450 million pounds to 600 million in 1972. This capital outlay is larger than the $144 million that Inco earned after taxes on its sales of $767 million last year...
...channeled through multilateral agencies like the World Bank; only 10% flows through such bodies at present. Another Pearson recommendation is that countries increase their aid to seven-tenths of one percent of their gross national product in five years. In the U.S., that would mean an annual foreign aid outlay of $8 billion by 1975. Even if Nixon seconded that motion, which is virtually unthinkable, there is no chance that Congress would go along...
...Industries, are turning a hard eye on expansion plans, especially for 1970. "We'll spend around $275 million this year, as we had figured to do," says Goodyear Chairman Russell DeYoung. "But next year we'll be looking at all our proposed projects with more caution. Possibly outlay will be down." Adds a Firestone official: "Some cutbacks are likely next year." Demand for business loans has begun to taper. The Federal Reserve Board last week announced that loans at major banks declined in July for two weeks, dropping by $262 million to $78.3 billion. One consequence is that...