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.

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

The macroeconomic models on which policymakers depend are solid tools in times of smooth and incremental evolution, but green growth is not about gradual change.

After all, more than 20 years of unusually sluggish trend growth in Japanese output has sharply reduced its incremental impact on the broader global economy.

Often, the incremental growth that comes with a trade opening is unevenly shared moreover, in many cases, some receive a smaller share than they did before.

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China s consumers should also draw comfort from the likely move to market based deposit rates on their savings accounts, which will reinforce incremental growth in wage income.

Also driving China s high investment rate is the declining efficiency of investment capital, reflected in China s high incremental capital output ratio (annual investment divided by annual output growth).

The subsequent recovery was slow and incremental.

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.

Technological progress will be incremental rather than revolutionary.

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.

Revenue estimates

Tax revenue

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

Given these risks, an incremental approach to internationalization would be prudent.

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.

But their resilience has always been a function of their ability to generate enough incremental aggregate demand to support their growth, without having to make up for a large loss of demand in developed countries.

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

Local administrations and revenue

Sample sources of revenue

1993 Zambia Revenue Authority

(b) Revenue producing activities

Prime sources of revenue

The path towards nuclear disarmament step by step, comprehensive or incremental comprehensive

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.

The Istanbul talks opened the door to an initial if incremental breakthrough agreement.

There was incremental significant increase in CIMT with the number coronary vessel involved.

Contribution to public revenue generation

Proceeds from revenue producing activities

Particularly, a clear determination of the incremental benefits (complementarity) of GEF's role is needed.