Turner Sims Concert Hall and John Hansard Gallery both received more money but, taking into account current and expected rates of inflation, the real value is a decrease.
There currently appears to be sufficient supply of non-Iranian oil to permit foreign countries to significantly reduce their import of Iranian oil, taking into account current estimates of demand, increased production by countries other than Iran, inventories of crude oil and petroleum products, and available strategic petroleum reserves.
See which government bonds have low debt-to-GDP, preferably under 30%, with low budget deficits and a current account surplus or strong current account balance in a country that is growing at least 3% GDP annually.
Much the same thing was happening in the U.S. While Robert Triffin was wailing about the supposedly inevitable and horribly destructive U.S. current account deficit, the U.S. was actually running a persistent current account surplus.
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The current account is in surplus, but at some point a falling trade balance could send the current account into deficit, creating huge dangers and risk of macro financial market disruption.
It does not help in understanding the dynamics of the current account over time, especially in countries that run persistent current-account deficits or surpluses.
But is not a stronger yen and a weaker dollar just what is needed to reduce Japan's large current-account surplus and America's current-account deficit?
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But China's current account was already in surplus when the investment slowdown started, and is rising faster than it did a decade ago, so if and when the effects feed through to consumption, the change in the current account could be much bigger than last time.
Thailand, whose whopping current-account deficit helped trigger the turmoil, is now running a monthly current-account surplus.
He added that opponents of the agreement were wedded to "preconceived ideas and prejudices" and were failing to take account of current realities.
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The review does not take into account the current financial downturn, but Glen believes the progress made since 2006 should have prepared the SPL clubs for the changing climate.
The current-account deficit, now around 5% of GDP, is a key factor: if capital flows into America slowed even more sharply, or dried up, the adjustment involved in reducing the current-account deficit could be painful both for America and the rest of the world.
According to Martin Neil Baily, a senior fellow at the Peterson Institute for International Economics in Washington, the "striking thing" about last year's report was that it painted a rosy view of the trade imbalance by focusing on the capital account surplus, rather than its inverse, the current account deficit.
The current account deficit will likely narrow to 4.7% of gross domestic product in the current fiscal year from an estimated 5.1% last year, he said.
The RBI said that India's gaping current account deficit--which analyst expect to exceed 6% of gross domestic product in the current fiscal year through March--was another obstacle to cutting rates.
People like Ken Rogoff talked about global imbalances in the current account deficit not being sustainable.
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This would mean countries with current account surpluses adopting policies that would consciously reduce these surpluses.
But now the current account deficit is no longer covered by foreign direct investment.
This is not the first time that a current account has been available at post offices.
Beyond mid-year, we expect a steady decline of the trade balance to reduce the current account.
South Africa's current account deficit stands at a 22-year high and totals 4.2% of GDP.
Lloyds must sell 600 branches, covering 4.6% of the entire UK current account market.
However, despite government backing, one in 12 UK households still do not have a current account.
He said capital inflows would be "more or less" adequate to cover the current account gap.
So as well as fiscal deficits, Russia could face current account deficits unless oil keeps climbing.
"Current Account Balance Estimates for Emerging Market Economies", by Leandro Medina, Jordi Prat and Alun Thomas.
However, he says, Paulson has not done enough to curb the ballooning U.S. current account deficit.
Current account deficits, though a concern in places like Malaysia and Thailand, are actually improving.
In contrast, the U.S. is a chronic importer with a chronic current account deficit.
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Eventually all 400 credit unions could provide a full current account service to 400, 000 members.
BBC: NEWS | Programmes | Moneybox | Bank current accounts challenge
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