He also explained that vigilance of the next financial perspective, which will set the tone of the financial expenditure over the next few years, was also important for all member states.

BBC: European and External Affairs Committee

AHP, by contrast, is obsessed with meeting financial targets any expenditure over a few thousand dollars has to be approved by senior management.

ECONOMIST: Drug mergers

But with another eye on the crucial general elections next year, he liberally raised public expenditure for the coming financial year (2013-14) on welfare schemes such as rural roads, employment guarantee and food security.

BBC: India's budget: A deft balancing act

The topics include balancing a checkbook, which is math, whereas I believe understanding whether an expenditure is a smart use of your money is financial literacy.

FORBES: The KIPP High School Program

Judging by the million-dollar football salaries, you'd be forgiven for thinking the UEFA's Financial Fair Play regulations -- agreed in 2009 as a way of controlling clubs' ever-rising expenditure -- had done little to stem spending.

CNN: The world's best-paid sports teams