Tag: deficit
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Geneva Budget Corsets Rejected: Impacts on Public Services
Two budget corsets aimed at curbing expenditures In the Swiss canton of Geneva, voters faced two proposed mechanisms designed to cool the growth of public spending when the budget is in the red. The first would block the creation of any new permanent state positions, with an exception made for teachers. The second would cap…
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Geneva’s Budget Corsets Rejected: A Debate on Spending and Public Services
Two proposed restraints aimed at strangling spending Geneva’s budget package included two notable mechanisms designed to clamp down on state spending. The first would have forbidden the creation of any new permanent government position, with the sole exception of teachers. The second sought to ensure that increases in non-constrained charges could not outpace population growth.…