Word: surpluses
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When he proposed his dramatic economic package shortly after taking office, Reagan said that it would produce a budget surplus by fiscal 1984. Instead, it helped create a fundamental disparity between revenues and expenditures. Even assuming sustained growth, revenues will remain at about 19% of the gross national product. And even if the further reductions in domestic expenditures requested by Reagan are passed by Congress, outlays will not fall below 23% of the G.N.P. Unless the budget process can be used to force deep cuts in entitlement programs, Budget Director David Stockman warned the Cabinet last month, the country faces...
...biggest threat still facing Jamaica is the worldwide slump in the aluminum industry, which serves as the backbone of the economy, Seaga said. In order to stave off heavy losses the U.S. has been buying up surplus Jamican bauxite, the raw form of aluminum...
...sorely needed new roads, a tripling of fruit and vegetable exports in the past three years, canning, asphalt and concrete-block plants, a 12% drop in dependence on food imports and a 50% increase in fresh-water production since the 1979 coup. The government even managed a $2.5 million surplus in 1982, half of which went to repay the country's past debts. Social tranquillity has appeared: the major crime in Grenada is "praedial larceny," the theft of garden vegetables. Some of the government's highest marks, in fact, come from its chief critics. "I would vote...
...Holyoke decided to offer 30 $400 awards to students based on academic excellence because the college had a surplus of funds after awarding the regular financial aid packages, Irma Rabbino, director of public relations at the college said yesterday...
...utility owes $8.3 billion for five plants in various stages of construction, two of which it has decided not to complete. In ten years, the project's cost has ballooned to $23.8 billion from original projections of $4.1 billion. Long rich in hydroelectric power, the region has a surplus and may not need the atomic juice anyway...