Word: budgeting
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...remains among the highest in the world at 13.75 percent. This demonstrates that the left and the right have actually agreed on a plan for the country. Their issues are different—modernization of the tax system vs. freedom for the federal police, or control of the government budget vs. poverty alleviation. But Brazil has reached a new paradigm in its economic history: One of fixing the country’s problems without compromising macroeconomic stability...
...higher spending rate than we have historically. Even with a higher spending rate, we still face a large gap in funding. Based on preliminary estimates, we need to plan for a cost reduction of $105 million to $125 million relative to this year’s (FY2009) budget. In other words, even if we do not take on any incremental expenses (such as a salary increase for existing faculty or new ladder faculty searches) we will still need to find at least $105 million in reductions from current expenses. Faced with budgetary pressure of this magnitude, we have decided...
...interim, the physics department has been scrutinizing “every single element” of its departmental budget with “great diligence,” according to department chair Christopher W. Stubbs...
According to Tuck, today’s meeting will likely provide more details for departments. Stubbs said he thinks the administration will soon undertake a conversation with departments to discuss budget targets...
Citing a projected 30 percent drop in the University’s endowment value this year, the deans wrote that the cost-cutting measures followed from a need to reduce the budget for the next fiscal year to levels at least $105 million below the current year’s budget. The Faculty’s budget for the fiscal year beginning on July 1, 2009 is set to be completed by March...