He gave warning that the current system of budget accounting seriously underestimated the government's future liabilities.

ECONOMIST: Urging restraint | The

In particular, he gave warning that the current system of budget accounting seriously underestimated the government's future liabilities.

ECONOMIST: More discipline needed | The

With budget accounting, the program will pile up more revenues than its costs.

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As Olson and her Treasury economists surely know, if the tax changes Bush did propose this year are adopted, fixing the AMT will--according to Congress' 10-budget accounting rules--become even more difficult, not less.

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The General Accounting Office, the Congressional Budget Office and the private Center for Strategic and Budgetary Assessments have suggested dramatically paring back--and in some cases, killing--the programs.

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By the end of the period and after accounting for inflation, the capital budget will be half what it was two years ago.

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The White House has so far brushed off calls for a price tag for the proposals in Tuesday's speech, promising a full accounting when the president sends his next budget to Congress.

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Probably we should have budgeting that allows for -- we can't really have a capital budget under federal budgeting, but we could have a separate accounting.

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We then looked at each movie's estimated budget (not including marketing costs, which are susceptible to accounting chicanery) and box-office, DVD and television earnings to figure out an operating income for each film.

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Such an outburst is uncharacteristic of the traditionally staid Consumer Reports, whose evaluations of vehicles over the decades have been broadly respected in large part because they carried the perceived disinterest of a Congressional Budget Office report or those beauty-pageant votes tallied by accounting firms.

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But as an avowed advocate of transparency and budget rules, he may at least minimise the obfuscation and dubious accounting that have characterised recent budgets.

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Prof Harding said treating wounds takes up around 5% of the NHS's budget compared, with some wounds such as those derived from diabetes accounting for up to 70% of non-traumatic amputation.

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Goldman has already faced criticism in Europe this year for a series of transactions with Greece that exploited loopholes in EU accounting rules and had the effect of understating Greece's budget deficit.

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Despite the fact that we rapidly outgrew that accounting system, cursed it daily, constantly looked at wonderful alternatives, and even allocated budget, we never replaced it.

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