Translation of "Revenue reduction" in German

The country is experiencing growth due to the increase in revenue and the reduction in outgoings.

We must note that the repeated requests for wage moderation, under certain conditions that have a solid basis from an economic point of view, are in fact far from the daily lives of individual citizens, and it is therefore clear that, at the moment, some Member States, including Italy, which is experiencing severe social tensions, are having real difficulties in channelling all additional revenue towards debt reduction.

Tax revenue and the reduction of allowances and subsidies to tenants, pensioners, farmers and the working classes as a whole have been channelled into funding the monopolies.

As described above in Section I.5.2, the Norwegian authorities have submitted information on a four-point improvement programme introduced at the Hurtigruten’s annual general assembly on 15 May 2008 (increased revenue; reduction of debt; reduction of costs and new and higher payments for the public service) and subsequently, in February 2009, a financial restructuring as a fifth point.

This strategy includes ceilings on government expenditure growth and a rule to allocate revenue to debt reduction and tax alleviation.

Against a background of weak growth, with adverse effects on tax revenue, the reduction of the central government deficit to 7% of gross domestic product—the target for 1985 set in the 1982 government agreements—will certainly not be easy, in spite of major savings in expenditure in the past two years.

The Act also provided for the reinstitution of a federal income tax to compensate for the anticipated loss of revenue from the reduction of tariff duties.

The lower revenue is influenced by the fall in natural gas revenue and the reduction of taxes payable by households (by HFL 1 350 000 million).

Presenting the second quarter results for 2013, airberlin's CEO Wolfgang Prock-Schauer comments: "An improved operating income, increased capacity utilisation, increasing revenue per seat kilometer and stable revenue despite capacity reduction, demonstrate that important key numbers are moving in the right direction.

Therefore, the H1 2011 adjusted net profit of CHF 113 million is 11% lower than the comparable figure of CHF 127 million and in line with the revenue reduction due to the negative currency developments.

The revenue reduction, the additional detrimental effects of the EU sugar market reform – notably the restructuring levy – and the restrictive EU export policy had an impact on operating profit as well, which, at EUR 7.8 million, was down significantly from the figure of EUR 22.6 million reached in the first quarter of 2006_07.

The revenue reduction of about one-quarter in the fruit juice concentrate business resulted from reduced sales quantities and sharply lower selling prices.

In the first half of the 2014_15 financial year, AGRANA, the global sugar, starch and fruit products manufacturer, registered a significant revenue reduction of 17.9% to EUR1,285.2 million.

Therefore, the H1 2011 adjusted net profit of CHF 113 million is only 11% lower than the comparable figure of CHF 127 million and in line with the revenue reduction due to negative currency developments.

Presenting the second quarter results for 2013, airberlin’s CEO Wolfgang Prock-Schauer comments: “An improved operating income, increased capacity utilisation, increasing revenue per seat kilometer and stable revenue despite capacity reduction, demonstrate that important key numbers are moving in the right direction.

The revenue reduction of approximately 20% in the fruit juice concentrate division resulted from lower sales quantities and prices.

Republicans have proposed tax reforms in lieu of rate hikes on high-income taxpayers to raise revenues for deficit reduction.

Indeed, although the reduction in the headline deficit in 2005 below the 3 % Treaty reference value benefited from substantial one-off revenues and higher-than-expected tax revenues, the deficit reduction was also driven by a better expenditure control at the State and health-care sector levels.

In this regard, and as long as the medium-term budgetary objective is not achieved, the growth rate of government expenditure should normally not exceed a reference medium-term rate of potential GDP growth, with increases in excess of that norm being matched by discretionary increases in government revenues and discretionary revenue reductions being compensated by reductions in expenditure.

If the amount of the grant were calculated in this way in relation to presumed revenues, a greater reduction in the gross public service costs than predicted resulting, for example, from future synergies from the establishment of the single undertaking France Télévisions, could give rise to a risk of overcompensation by means of public resources.

The medium-term budgetary projections appear overall prudent with cautious estimates of revenue growth and reductions in interest charges giving some room of manoeuvre in the case of less positive developments materialise.

The medium-term budgetary projections appear overall prudent, with cautious estimates of revenue growth and reductions in interest charges, giving some room of manoeuvre in case less positive developments materialise.

This principle, according to the proposal, indicates that annual expenditure growth should not exceed a prudent medium term rate of growth of GDP unless the excess is matched by increases in government revenues or discretionary revenue reductions are compensated by reductions in expenditure.

In 2015, the requirement to include a Ministry of Finance-verified impact assessment for new legislative initiatives that increase public spending or reduce public revenues, to respect expenditure ceilings, and to propose compensatory measures for revenue reductions was breached.

Such policy-making should ensure that the growth rate of government expenditure does not normally exceed a prudent medium-term growth rate of gross domestic product (GDP), unless the excess is matched by increases in government revenues or discretionary revenue reductions are compensated by reductions in expenditure.

It would not be as effective as alternative I in reducing compliance costs but it would still achieve all the objectives set by this initiative, with smaller tax revenue reductions.

Furthermore, any additional spending or further revenue reductions, including those envisaged in the programme in the years 2001 and beyond, should be made contingent on expenditure savings in other areas.

The Council notes the modification in the 2002 budget, in favour of debt reduction, of the fifty-fifty rule of allocation of additional revenues to debt reduction and tax alleviation.

Prudent fiscal policy-making implies that the growth rate of government expenditure does normally not exceed a prudent medium-term growth rate of GDP, increases in excess of that norm are matched by discretionary increases in government revenues and discretionary revenue reductions are compensated by reductions in expenditure.

Although the planned reduction of the high tax burden is in principle an appropriate step to render supply side conditions more growth-friendly, revenue reductions should be accompanied by corresponding expenditure restraint.

The Council recalls, however, its opinion on the last update, stating that revenue reductions should be accompanied by equivalent reductions of expenditure.