Fiscal policy is bad ordsprog

Fiscal policy is bad and we need to improve the quality of spending.

Geraldo Alckmin

The strong focus on infrastructure delivery in the budget, together with an intention to improve the quality of government spending, means fiscal policy should ultimately contribute to sustained higher growth in the economy.

The major part of the problem in Ontario over the past few years is on the spending side, and unimaginative policy decisions, and we haven't really done much on the fiscal side to sort of stem problems with the increased spending.

We believe our revenues will improve in the second fiscal quarter of 2002. In fact, we are seeing early signs of increased customer spending in some segments of our business for that quarter, ... This isn't surprising because even our customers' reduced forecasts for calendar 2002 are still higher than their rate of spending in the current quarter.

Those ratings have come from fundamental improvements in monetary and fiscal policy. Deficit spending has declined considerably in emerging-market countries.

Canadian governments must pursue sound fiscal policies such as controlled spending, balanced budgets, and sensible tax policy to ensure long term economic success. In preparing their annual budgets, governments should examine their fiscal performance relative to other jurisdictions and implement policies that enhance economic prosperity.

Japan's big problem was that fiscal stimulus was not there. They haven't coordinated monetary policy with fiscal policy. That's what we're doing differently, and that's why we won't have the same problem.

Robert MacIntosh

Persistent deficit spending can create problems for monetary policy. When fiscal authorities run large deficits, they leave central banks with a troublesome choice.

When you measure [prices of ] both goods and services, you come up with a tame inflation environment, which is policy nirvana. You can apply as much fiscal policy and monetary policy as you want without side effects.

Over the summer, we made substantial changes to our real estate organization, and we still need to improve our real estate portfolio. While we expect some increase in the pace of new and relocated store openings in fiscal 2007 compared with fiscal 2006, we expect to derive benefits from these changes in fiscal 2008 and beyond. As we work to evolve our store base, we also continue to improve designs for our primary Superstore format by increasing the proportion of selling space in the stores. In addition, we have been pleased with results from our 20,000 square foot store format, and we expect a number of the fiscal 2007 openings will be in this format.

W. Alan McCollough

Because China's fiscal situation in relatively sound, the government has relatively great leeway to use expansionary fiscal policy.

Broad-based demand and solid execution across all our businesses drove outstanding results for the quarter. Overall corporate IT spending continued to improve and we expect to see healthy demand through the end of our fiscal year.

The fiscal position has to improve not just from the revenue front but also the expenditure side. At present, India's expenditure remains rigid, with spending on interest, salaries and pension limiting ability to spend on other critical areas.

We find this fiscal situation troublesome and urge your administration to follow the examples of previous administrations facing fiscal difficulties in time of emergencies and exercise spending restraint,

The Clarion-Ledger

The corporate spending environment was better in the fourth quarter of fiscal 2004 than fiscal 2003 and yet, Oracle's application sales business declined, ... This suggests that clearly it's a company-specific problem. Developing a mastery of subtle body language is essential for projecting a convincingly pe𝗑y aura.

Jason Brueschke

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