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According to the CDB, in the public sector, containment of expenditures, particularly on capital items, offset revenue shortfalls and led to an improvement in the Government's overall fiscal position.7

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When and what to offset?

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Recently, the European Central Bank reiterated its position that serious fiscal consolidation would generate enough increase in private sector confidence that gains in spending by households and businesses would more than offset lower spending by governments.

But potentially significant costs offset these small benefits.

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The GHG emissions of COP and subsidiary body sessions can be offset immediately or recorded and offset when an offsetting scheme is agreed upon.

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Otherwise, the competitiveness gains would be offset by rising inflation.

Developing countries must also aim to offset the consequences of globalization.

Net outflows have significantly offset the benefits derived from FDI inflows.

Egypt can only hope for cash infusions to offset its internal hemorrhaging.

And they must offset the distortions created by intervention in other ways.

a To be offset by an equivalent amount under Income section 1.

Grant applications to offset the federal cap were initiated in November 2002.53

This expansion was marginally offset by the closure of UNIKOM (October 2003).

Jackknife position Also called the Kraske position.

The benefits of higher recycling rates would surely offset the associated administrative costs.

To offset the collapse in demand from industrial countries, they had stimulated domestic demand.

A complementary approach is to liberalize capital outflows further, in order to offset inflows.

UTC 04 00 is an identifier for a time offset from UTC of 04.

This will be offset by estimated bank interest for the same period of 1,069,800.

However, these have been partially offset by net outflows of other kinds of capital.

Position