Capitalization of research and development expenditure

Debt equity swaps would be a much better way to recapitalize the banks.

So, what needs to be done? First, eurozone banks have to be recapitalized.

What is now proposed is recapitalization of the European Investment Bank, part of a growth package of some 150 billion.

Table 8

Biennial support budget

Personnel

ILO International Labour Organization

Expenses

Investment The stock market capitalisation of listed companies in Bahrain was valued at 21,176 million in 2008 by the World Bank.

Programme expenditure

Meetings and consultations

Reimbursements of expenditures

Actual expenditure exceeded budgeted expenditure by 0.5 per cent.

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

Let's share the expenses.

Let's share the expenses.

Expenditure analysis

E. Expenditure estimates

a Includes commitment authority in the amount of 49,950,000.

Clearly, some of the EFSF funds will have to go to recapitalize banks that cannot raise money from the markets.

Indeed, Turkey did not have to spend a penny of taxpayers money on bank recapitalization or rehabilitation during the global financial crisis.

As far as capitalization is concerned, over the last five years, the Government of Québec's capitalization expenditures have totaled 4.530 billion, for an annual average of  906 million.

Unforeseen and extraordinary expenses

Expenditures Annual Programme Fund

Expenditures Supplementary Programme Fund

Direct programme assistance expenditure

military expenditures

(Actual outlays, current prices)

(A) Column 6, item 1.1.3, includes military retirements and pensions, retroactive retirements and pensions and scientific and technological research staff.

Instrument for standardized international reporting of

In the defense budget for 2005 the percentage of personnel expenses shall be lower than in 2004, but it is still high comparing to international standards

National currency and unit of measure Thousands of GEL

Instrument for standardized international reporting of military expenditures

National currency and unit of measure Ringitt Malaysia

National currency and unit of measure Thousands of New Zealand dollars

National currency and unit of measure millions of US dollars

Report on expenditures

But even HSBC, the best capitalized of the lot, has a leverage ratio of only 4.6 , while Barclays ratio is under 3 .

Overall programme expenditure, 2004

Chairperson Contract and Monopolies Commission

Projected expenditures are based on data relating to the outstanding amounts of approved programmes, plus estimated expenditures on future programmes.

Payment of expenditures relating to common staff costs is effected in Euros It should further be noted that approximately 90 per cent of the expenditures of the secretariat are denominated in Euros Thus, the currency exchange fluctuations between the Euro and US United States dollar (US ) since 2003 have continued to adversely erode the purchasing power of the secretariat budget.

The out of pocket health expenditures were assumed to be completely in line with out of pocket expenditures for population goods and services.

Accordingly, at the end of the biennium 2004 2005, the loan will have been fully paid back to the United Nations in line with the original schedule.