(c) Interest income in excess of the budgetary estimates

Difference

Difference

It was further noted that the expected cash flow generated by investments would be more than sufficient to meet the excess of benefit payments over contributions.

The degree of financial repression in a country can be estimated by calculating the gap between the average nominal GDP growth rate and the average long term interest rate, with a larger gap indicating more severe repression. In the last 20 years, this gap has been eight percentage points for China, compared to roughly four percentage points on average for emerging economies and nearly zero for most developed economies, where interest rates are fully liberalized.

Beyond the Gender Gap

Variance

Quota exceeded

Variations in total value of more than 10 per cent between years should be adequately explained by the Division (AM 97 71 5 006)

Difference (surplus deficit)

Recoveries Prevention of overpayment

The aforementioned amount may not be exceeded unless duly authorized by the Bank of Algeria.

To spend an additional amount between Executive Board sessions, when necessary, up to the amount caused by currency fluctuations, to implement the 2005 approved work plan.

(c) To spend an additional amount between Executive Board sessions, when necessary, up to the amount caused by currency fluctuations, to implement the 2006 approved work plan.

Disk quota exceeded

(2)after plus or minus the accumulative amount of amortization incurred from amortizing the balance between the initially recognized amount and the amount of the maturity date by adopting the actual interest rate method and

The difference between gross and net emoluments is requested as a global amount under the present section.

However, the Advisory Committee recommends that the amount to be utilized should not exceed the amount of 5,526,600.

The average dollar amount conceals the large variation between countries, ranging from 1 to 538 per million dollars.

Variances are explained below.

Allow overbooking of resources

4. Unencumbered balance (overexpenditure)

I'm willing to be overcharged.

Apportionment none expenditure 476,100 variance ( 476,100)

(ii) If the amount of such income taxes exceeds the amount of staff assessment, the Secretary General may also pay to the staff member the amount of such excess

In 11 cases, excess expenditure was more than 10,000 and over 5 per cent of the allocation.

The total amounts outstanding were net of 5 negative balances for staff, totalling 3,278, and 18 for consultants, totalling 29,167.

Since the programme support budget is expected to exceed available programme support resources, the difference would be funded from general purpose resources.

The difference in wages shall be compensated.

Excess of income over expenditure 91 280 722

Of this amount, more than USD 12 million relates to interest and claim preparation costs.

The core resources available have declined more sharply than total resources.

Apportionment none expenditure 2,585,000 variance ( 2,585,000)

(c) The Budget Act shall determine the minimum and maximum levels of the benefits under the public social insurance system no beneficiary may receive benefits in excess of the legally determined maximum

Performance of financial resources

b Includes National Officers and national General Service staff.

Security

Current balance (excl. GAZODUC amp MISKAR)

Annex II Supplementary information on significant variances

II. Supplementary information on significant variances

retaining for its own account excessive insurance exposures which is regarded as having committed a serious breach or

Statement XLI (concluded) Schedule 41.1

While the federal funds rate may be heading to 1 over the next 12 or 18 months, by then the narrowing GDP gap will imply an even higher Taylor rule interest rate. And, complicating things further, given US banks vast holdings of excess reserves as a result of the Fed s bond buying policies (quantitative easing), the federal funds rate is no longer the key policy rate that it once was.

Apportionment 100,000 expenditure 38,100 variance 61,900

Apportionment 412,000 expenditure 234,700 variance 177,300