The total expenditure was 0.5 million.

Public sector spending amounts to 53 of the GDP.

Romney, by contrast, favors limiting overall federal spending, currently 24 of GDP, to 20 , and keeping defense at 4 .

That extra spending means a higher level of nominal GDP (output at market prices).

At the same time, public spending acts as a brake on overall spending, and prevents the rapid cost escalation to which America s private insurance companies contribute.

Meanwhile, Sweden and South Korea are now excelling economically on the basis of R D spending of around 3.5 of GDP, while Israel s R D outlays stand at a remarkable 4.7 of GDP.

One can assume that next year s total spending on military affairs will be even bigger.

But expenditure was cut by five percentage points of GDP during the next five years.

(e) Raise priority poverty reducing expenditures to 2.2 per cent of GDP

When a drug user buys illicit drugs he does not increase total spending or aggregate demand in a country.

Knowledge of how different government policies could affect the overall level of spending was closely held.

In all four countries, there has been a sizeable upward trend in government outlays as a share of GDP

Although Reagan could not bring down spending on entitlement programs for retirees, America s non defense discretionary spending was reduced by one third, from 4.7 of GDP in the 1980 to 3.1 in 1988.

Capital spending and exports, which together account for about 24 of GDP, hold the key to this shift. At just over 10 of GDP, the share of capital spending is well below the peak of nearly 13 in 2000.

Expenditure on education accounts for only approximately 10 of GDP, and most schools are subsidized by the state.

Romney, by contrast, favors limiting overall federal spending, currently 24 of GDP, to 20 , and keeping defense at 4 . He wants private markets, not government, to choose winning firms and technologies.

Even after a year of excruciating spending cuts, the budget deficit still exceeds 10 of GDP.

In 2003, general government expenditure amounted to 48.5 of GDP, above the eurozone average.

The Government has resolved to increase public spending in education to at least six per cent of the gross domestic product (GDP).

Household consumption only accounted for 34 of GDP and total consumption is less than 50 of GDP in 2007. That weakness, however, is institutional and cannot be easily corrected in the short run.

Aid levels are comparable to GDP, with donors covering roughly two thirds of government expenditure and the entire current account deficit, which amounts to 40 of GDP.

Canada, in the past two decades, has decreased spending by 8 of GDP and similarly prospered.

Shifting income from those who would spend it to those who won t lowers aggregate demand.

The increase in Canada s public spending as a share of GDP since 2000 has been the smallest of the four countries

In 2004, state spending for education amounted to 3.6 of the GDP, or 13 of the consolidated state budget.

Government spending on health has been increased, and it will be raised to two to three per cent of GDP over the next year.

The US currently has the smallest share of government spending in GDP, although it has gained substantially on Canada because of the spending explosion since 2000 President George W. Bush s military spending and Obama s social spending

In March 2000, EU leaders meeting in Lisbon set the goal of making Europe the world s most competitive and dynamic knowledge based economy by 2010, and two years later they agreed that investment in R D must reach 3 of GDP by 2010.

Between 2006 and 2009, the government increased social spending on social welfare and education from 2.6 to 5.2 of its GDP.

Local governance remained the primary focus of UNCDF expenditure in 2004, accounting for 70 per cent of the total.

The EU budget amounts to about 1 of GDP, just one fortieth of total public expenditure. No one, not even die hard European integrationists, imagines that it can reach 5 of GDP (it is more likely to decrease).

Japan armed itself only lightly (restricting military expenditures to about 1 of GNP), and focused on economic growth.

It slashed public expenditure and capped spending at 35 of GDP the same level as in the United States.

Spending. Obama has dramatically increased spending.

That meant that the acceleration of growth in consumer spending accounted for nearly 100 of the increase in GDP, with the rise in durable spending accounting for almost half of that increase.

But capital spending must exceed that peak if US businesses are to be equipped with state of the art capacity, technology, and private infrastructure that will enable them to recapture market share at home and abroad.

But, because these items amount to a pittance of India s total budget, total spending remains low, especially relative to need.

The time for any old kind of public spending simply to support aggregate demand, if not already over, soon will be.

The government spends 4.9 of the country's GDP on the military, and one out of every four dollars of government spending is spent on defence.

Decomposition estimates of GDP expenditure growth in 2004 indicate that Egypt, Jordan and Yemen experienced consumption led growth.

However, over the years these have steadily increased in absolute terms though not in terms of percentage of GDP.

A one dollar spending cut was believed to reduce GDP by more than one dollar, so that fiscal retrenchment was economically costly (while, conversely, stimulus was effective).

The Bank of England hoped that by printing 375 billion of new money, ( 600 billion), it would stimulate total spending to the tune of 50 billion, or 3 of GDP.

If the government tries to cut its deficit, households and firms will have to tighten their purse strings, resulting in less total spending.

The US in the 1980 s and 1990 s reduced spending by 5 of GDP and balanced its budget while growing strongly.