non-productive expenditures

EU expenditure [ Community expenditure | EC budgetary expenditure | European Union expenditure ]

operational expenditure (EU) [ EC operational expenditure | intervention credit ]

budgetary expenditure

cut expenditures [ cut spending | curtail spending | restrain spending | cut down on expenses | cut back on spending ]

non-earning cash

public expenditure | government expenditure | government expenses | national expenditure

In an increasingly competitive global marketplace, Canada must make the best of our current advantages as a developed nation and act rapidly to remove the millstone of unproductive interest expenditure that the national debt represents.

The same should be done today for those who have embarked on genuine reforms and cuts in unproductive spending the effects of which, however, will not be seen immediately.

15. Recalls that the key element in the relationship between growth and consolidation is the composition of consolidation; stresses that the appropriate mix of expenditure- and revenue-side measures is context-dependent and should be thoroughly assessed; points out in this regard, however, that consolidations based on cutting unproductive expenditure rather than on increasing revenue tend to be more lasting and more growth-enhancing in the medium term, but more recessive in the short term; is of the opinion that consolidation strategies need to mitigate short-term recessive impact while aiming at being growth-enhancing in the medium t ...[+++]erm; believes that the possible negative impact of consolidations in the short run can be mitigated, in particular provided that the measures taken are credible, lasting and avoid a reduction in public investment in productive sectors of the economy;

19. Underlines that the consolidation strategy should also target the revenue side of the budgets of the Member States; stresses, in particular, that consolidation measures on the revenue side should be focused on decreasing tax expenditures that create unproductive niches or inefficient rent-seeking behaviours, on decreasing environmentally harmful subsidies, as well as on creating environmental taxes targeting the source of negative externalities and which can bring double dividends in so far as they improve the budgetary situation and help fulfilling the objectives set in the EU2020 strategy;