Kuwait has experienced a 20% increase in government budget revenue, which has led to higher budget expenditures, particularly wage hikes for many public sector employees.

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This could mean, for example, that the troops in the various wars could not be supplied or paid, that air traffic controllers could not be paid, that the US government could not roll over the debt that comes due or issue the new debt that pays for 43% of federal budget expenditures.

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The Office of Management and Budget coordinates estimates for purposes of producing the budget and also publishes its own list of tax expenditures (which it gets from the Treasury).

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This year's budget for health spending by the central government (including reform-related expenditures) is only 118 billion.

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Tax reform must reduce the size and number of tax expenditures to reduce the budget deficit and lower marginal tax rates for individuals and corporations.

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That is especially so for Islamabad, whose military expenditures soak up 26% of the annual budget.

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Develop a budget by figuring out how much you need to set aside for quarterly tax payments, capital expenditures, your retirement plan, employee salaries and other areas.

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The increased expenditures were rejected by outgoing Finance Minister Alexei Kudrin, a budget hawk who saw no need for upgrades to existing air and land weaponry, or extra spending in the form of new defense contracts.

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