| The crisis emphasises the need to support citizens at a time of major budget constraint. |
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| You know, there is such a thing as budget constraint, and it's been real tough, let me tell you. |
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| The solution to the problem, then, is to find the point at which the highest possible indifference curve just touches the budget constraint. |
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| Given the budget constraint, did the funding priorities and assessment criteria lead to an optimal allocation of the limited program funds? |
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| The other main component of the individual's decision is their budget constraint. |
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| In the static labour supply model, the individual makes a decision by maximizing his or her utility subject to a budget constraint. |
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| A more binding budget constraint with clear restrictions on deficit financing underlines the need for prudent public expenditure policies. |
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| If current policies ensure that the intertemporal budget constraint is respected, current policies are sustainable. |
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| When we overlay Figure 4.2 onto Figure 4.1, we will see that the budget constraint will be tangential to some I-curves and cut across other I-curves. |
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| The fiscal authority's intertemporal budget constraint is respected, and the fiscal targets met, through a reaction function that sets the personal direct tax rate endogenously. |
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| For the maximum entitlement regions, with a one-year planning horizon there is a discontinuity in the budget constraint at 10 weeks, corresponding to the point at which the entrance requirement is met. |
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| Potential funding needed for this mechanism was also mentioned, with seven countries acknowledging the limited scope for implementation due to budget constraint. |
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| Technically, under hard budget constraint, the efficient level of public spending and debt is attained when the marginal benefit from one additional expenditure or one additional loan is equal to the marginal cost. |
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| The number has been arrived at purely from the budget constraint. |
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| Most of us are faced with a lifetime balanced budget constraint. |
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| Taxes adjust according to the budget constraint. |
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| In addition, when the aid results in a soft budget constraint for the beneficiary, it may also reduce the incentive to innovate at the level of the beneficiary. |
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| In another variation of this kind of indicators derived from the budget constraint, Blanchard suggests the evaluation of the difference between the tax rate that assures debt sustainability and the observed tax rate. |
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| The lack of a hard budget constraint, voucher privatisation to insiders, and the absence of a credible bankruptcy threat, were also not conducive to enterprise restructuring. |
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| The former have in common that they try to test econometrically whether the development of fiscal variables in a given period in the past suggests that policies have been affected by the government budget constraint. |
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| However, Romer and Romer do not consider an intertemporal budget constraint for the government and control for budgetary disequilibria in an error-correction framework. |
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