Slower growth means less revenue, and a faster downward spiral.

Revenue growth Increased operational efficiency High client satisfaction and Good governance and oversight.

Fiscal consolidation therefore requires additional revenue as well as slower growth in entitlement spending.

If the official inflation target loses credibility, price growth will accelerate further.

The target growth rate was met by only six countries in 2004.

Conventional taxes raise revenue, but pose a much greater risk of depressing growth in the process.

Indeed, worries about rising protectionism in a low growth environment are on target.

Table 1 Economic growth and inequality scenarios for the achievement of target 1

For 2008, against a projected target of 52.71 million, the goal for additional revenue generation is projected at 28.54 million, or 54.2 per cent.

BEIJING Isn t it now time for China to abandon the concept of a growth target?

These numbers suggest that growth alone is unlikely to get us to the 3 target.

Nerve growth factor (NGF) is a small secreted protein that is important for the growth, maintenance, and survival of certain target neurons (nerve cells).

Anti angiogenesis drugs only target one factor, so the other factors continue to stimulate blood vessel growth.

Faced with intense competition to contribute to GDP growth, local governments were compelled to seek other ways to augment fiscal revenue.

The big question is whether the US can strengthen revenue in an appropriate manner that is consistent with renewed economic growth.

One reason is that revenue growth usually goes hand in hand with macroeconomic growth, which increasingly is found in emerging market countries, rather than in many banks mature Western home markets.

The really important target for any country starting an adjustment program with a double digit current account deficit must be export growth. Missing this target is what has set Greece apart.

In short, although China will miss its inflation target of 4 for this year, price growth will remain under control.

China s new leadership has not just lowered its growth target it has upped the ante on the economy s rebalancing imperatives.

But recent research shows that they can also play a useful role in raising government revenue at little cost in terms of economic growth.

As noted below, with the growth of mass media, especially from the nineteenth century, news advertising became the most important source of media revenue.

In addition, measures should target the Sudanese government where it hurts most revenue and foreign investment inflows into Sudan s petroleum sector, and supply of goods and services to that and associated sectors.

Revenue estimates

Tax revenue

The right target for generating growth is domestic aggregate demand based on the right mix of consumption and high return investment.

As mentioned in paragraph 630 above, the UNOPS deficit for 2004 would have been even higher had the delivery and, consequently, revenue of its Afghanistan Project Implementation Facility not exceeded its forecasted target.

Unfortunately, China s local officials need to excel in the country s growth tournament to get promoted. Schools and hospitals simply do not generate the kind of fast tax revenue and GDP growth needed to outperform political rivals.

The Department of Revenue Tax Division reports regularly on the state's revenue sources.

(a) As tariff barriers decline, it is important to find other revenue sources in place of falling trade tax revenue since, in several African countries, such revenue remains a significant part of total revenue.

Reducing future deficits and reversing the rise in the national debt require raising tax revenue and slowing the growth of government pension and health care programs.

In particular, slow growth and revenue losses, owing to economic liberalization programs, have reduced the scope for fiscal policy, with serious consequences for poverty and destitution.

The challenge facing US politicians after the election will be to find a politically acceptable way to raise that revenue without undermining incentives and economic growth.

C. Revenue analysis

In developing countries tariff revenue accounts for 10 20 per cent of government revenue.

The leaflet cheerfully claims that China s shift to a low carbon growth strategy based on the development of renewable energy sources has created jobs, income, and revenue.

As a result of a successful business acquisition drive during 2004, UNOPS expects to achieve revenue growth in 2005. The portfolio will be managed along two tracks.

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

Although Africa has recorded a marked improvement in its recent economic performance, its growth rate still falls short of the target growth rate of 7 per cent per annum necessary to attain the MDGs.

Local administrations and revenue

Sample sources of revenue

1993 Zambia Revenue Authority

(b) Revenue producing activities

Prime sources of revenue

A distinctive feature of the Chinese growth order is that local governments compete actively against each other for jobs, revenue, investment, and access to fiscal and human resources.

The new breed of emerging market multinational is diversifying its revenue around the world. If growth in these companies home markets slows, they will diversify even more aggressively.