Long Term Leases : Purchasing land and constructing a factory and office building can take up a large part of the capital expenditure budget for a new project in China.

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Mr Pina Moura's budget for 2001 envisages a slowdown in expenditure growth to 5.9% next year, or 4% in real terms.

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In its federal budget presented on Feb. 28, the government estimated its expenditure for the fiscal year ended on March 31 at 14.3 trillion rupees.

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Because of the timing of the expenditure, most of the money will increase the budget deficit for the current fiscal year.

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The State of California, for example, has worked hard to reform its state budget with major expenditure cuts, smaller debt offerings and a voter-approved tax increase.

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In the 2011 Budget, the government committed to using public expenditure to support households who face problems paying for their water, and households in areas with particularly high water charges.

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The 2007 draft budget, which proposed to raise taxes for the highest earners but failed to do anything to cut expenditure, provoked howls of outrage.

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The government insists that it has not lost control of public expenditure: except for wages, it says, this year's spending is within budget.

ECONOMIST: The public sector needs slimming down