The capital expenditure was robust.

The active capital expenditure is a highlight of Japanese economy.

The 2005 Budget envisaged revenues of 217 million and recurrent expenditure of 188 million. It included the capital expenditure of 40 million.

A compliance module application will be implemented, with one time capital expenditure of 200,000.

A data warehouse consolidation system will be implemented, with one time capital expenditure of 1,195,000.

Also, the Integrated Industrial Capital Allowance (IICA) allows companies to claim capital allowances for approved expenditure on plant and equipment used in overseas subsidiaries.

Based on total expenditure of 836 million during the year, the UNDP liquidity position at the end of 2004 represented working capital for approximately three months of expenditure.

An order management and electronic trading system will be implemented, with one time capital expenditure of 220,000.

The PA continues to have a large public deficit and is incapable of financing capital expenditure, which represented a mere 2.5 per cent of total public expenditure in 2004.

No working capital requirements have been included in this budget submission to leave room for other priority expenditure requirements.

In particular, capital expenditure revived in many countries and foreign direct investment inflows into the region also increased sharply in 2004.

Table 1 Expenditure of the Office of the United Nations High Commissioner for Refugees in 2004

Capital tax differences among countries would induce capital to flow from the high tax to the low tax economies.

However, risks of outbreak of an all out trade war stuck the business prospects of enterprises, likely to threaten the business capital expenditure.

According to the Minister of Finance, the recurrent budget for 2005 was projected at EC 97,189,584, with capital expenditure projected at EC 37,033,100.

The 2004 budget allocated a record amount of EC 67.61 million to capital expenditure in order to provide funding for vital public infrastructure.

Of the total EC 67.61 million in capital expenditure, the expansion of Wallblake Airport will account for EC 49.22 million, or 72.8 per cent.

Financial liberalization would attract foreign capital seeking high returns in capital scarce countries, allowing them to invest more than they saved.

Takeshi Minami said that the capital expenditure of all enterprise plans for this fiscal year increased by 8.5 , close to the pace of Japan s bubble era.

In Lebanon, persisting high levels of public debt forced the Government to direct much of its expenditure towards debt service.

The world s housing, oil, and stock markets have been plunged into turmoil in recent months. Yet consumer confidence, capital expenditure, and hiring have yet to take a sharp hit.

In December 1996, I was appointed a judge of the High Bench, Federal Capital Territory, Abuja.

The Philippines responded that the question of capital punishment had a high profile in public debate.

The Tankan survey of the Bank of Japan showed that the capital expenditure of large scale enterprise plans would increase by 13.4 for the fiscal year ended in March 2019.

At the same time, since returns to capital are kept low by high wages, very little investment occurs. The excess of savings over investment flows abroad as capital exports.

Expenditure

4 Proposed expenditure and income by major object of expenditure 18

Tonga's performance on the Human Development Index and the Human Poverty Index reflects a high level of expenditure in health and education, stagnant population growth and sustained high levels of investment in the social sector.

Expenditure analysis

Programme expenditure

High world oil prices and capital inflows are strengthening the balance of payments and contributing to exchange rate appreciation.

Actual expenditure in field offices represents only a part of the total expenditure.

UNICEF WASH expenditure in 2004 was 160 million, the highest ever annual expenditure in this area, representing 12 per cent of total UNICEF programme expenditure.

To respond to inflation by increasing interest rates would simply compound the difficulties of high prices with high unemployment and an even less competitive exchange rate. Direct interventions, restrictions on short term capital inflows, capital gains taxes, and stabilizing prudential banking regulations will all have to be considered.

Implementing partners' expenditure

E. Expenditure estimates

From 1993 to 2001, the Institute's total budget for current and capital expenditure was equivalent to 0.03 per cent of the overall budget of the State, increasing to 0.04 per cent in 2001 and 2002.

Table 6 shows programme expenditure as broken down by UNHCR into programme support and administrative expenditure.

And let me show you, what does public expenditure rather, public administration expenditure in Uganda constitute?

Table 8 Expenditure ratios

Direct programme assistance expenditure

Income and expenditure projections

Overall programme expenditure, 2004

In order to assess the share of administrative expenditure, the table includes the expenditure funded from the United Nations regular budget (line D), which relates to headquarters administrative expenditure.

In order to assess the share of administrative expenditure, the table includes the expenditure funded from the United Nations regular budget (line D), which relates to headquarters administrative expenditure.