The lower fiscal deficit number, which will be announced soon, will likely provide some cheer to the market as it will indicate the government's resolve to narrow the gap between its revenue and expenditure--it plans to reduce the deficit to 3.0% by March 2017.
Some of the benefits of carbon reduction measures, according to the report, would be the creation of jobs in the 'green economy', increased reputation of Wales's academic and technology capacity in this field and increased revenue expenditure for public bodies to deliver front line services as their income from renewable energy sources increases.
Firstly, we have the Gers figures ( Government Expenditure and Revenue for Scotland: not the Ibrox hopefuls).
The Government Expenditure and Revenue Scotland (Gers) figures for 2011-12 set out actual levels of tax and spending.
BBC: Gers figures show Scotland's debt 'lower than UK level'
It has taken the Government Expenditure and Revenue for Scotland (Gers) data which we already had, and added its own analysis.
That is, Government Expenditure and Revenue in Scotland seeks to calculate (and sometimes guess, though in an educated way, of course) how much of the UK's revenue is raised in Scotland, and how much is spent in Scotland.
As a result, capital expenditures outpace both depreciation (meaning net capital outlay) and capital expenditure growth rate exceeds the revenue growth rate.
The increased level of capital expenditure is intended to generate year-on-year growth both in revenue and adjusted EBITDA as soon as 2014.
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Despite these handicaps, within three years expenditure growth had been contained, tax rates had been cut significantly and revenue increased by nearly a third.
One frequent argument for legalization is that it will generate a fiscal windfall by reducing expenditure on marijuana arrests, prosecutions, and incarceration and by allowing the state to collect tax revenue on legalized sales.
FORBES: Pot Can't Solve California's Budget Problems (But It Should Still Be Legal)
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