Translation of "Laufende ausgaben" in English

Recurrent expenditure may be covered by a provisional commitment.

EU money will finance both long term investment and current expenditure.

Expenditure is broken down into two ben­efits, administration costs and other cur­rent expenditure.

Any present issues in euro or in ECU should terminate by 1 January 1999.

Both current and capital expenditure are included.

The loans were used not to finance investment but to meet current expenditure.

Users take rental software and recurring costs are minor.

Social protection expenditure is broken down into three main categories: social benefits, administration costs and other current expenditure.

However, special provisions have extended this possible course of action to certain current expenditure.

Frankly, to hold two meetings of 27 experts (1 per Member State) costing EUR 35 000 each, giving a total of EUR 70 000, and two seminars on the EGF costing EUR 100 000 each, all seems to be pointless, especially if it is to make the EGF pay not for adjustment to globalisation, but to running costs.

According to the Commission, the significant slippage is attributed to extraordinary factors (overruns in expenditure related to the preparation of the Olympic Games and compensation for weather damages), to higher than planned current spending (social transfers and public sector wages) and to a shortfall of revenues (VAT, income taxes and reclassification, as a financial transaction, of a payment from the Saving Postal Bank to government).

Likewise, in the Commission’s opinion, costs for consultancy services related to permanent structures abroad, advertising and business trips had to be classified as current expenditure linked to the export activity.

In the speeches I have heard recently no-one actually differentiates between borrowing for investment and borrowing for current expenditure.

Can the Presidentin-Office, during his term of office, ensure that Ecofin, particularly in the context of the stability pact, makes the distinction between borrowing for investment, which surely must be acceptable under carefully defined circumstances, and borrowing for current expenditure?

As a merger or acquisition between two housing companies (or housing associations) takes place in principle only once, Germany does not regard the aid as compensating for current expenses.

The practice of borrowing to finance running costs must be banned; borrowing must be confined to investment to prepare for the future.

These committees may be permanent and study ongoing issues, or may be temporary and intended to come up with suggested legislation to address a one-time issue.

In the late nineteenth century, leading German public-finance scholars, including Albert Schäffle and Adolph Wagner, developed a “golden rule,” according to which current expenditures should be funded, on average, out of current revenues.

Mario Monti, Italy’s prime minister at the time, has long pressed for capital investment to be treated differently than current expenditure, so that countries like Italy can still pursue desperately needed infrastructure spending.

And while a large fiscal deficit, fueled by tax cuts and increased current spending, is unlikely to help much on this front, it is not as if Italy’s attempts at fiscal consolidation were fueling a strong recovery.

To this extent, efforts nowadays to reduce deficits on current spending are justified, but only if they are fully replaced by capital-spending programs.

On the other hand, it is also the case that some expenditure classified as current, such as that on education and training, R & D or support for business development, is more similar to investment and can potentially make an important contribution to increasing productive potential in the region concerned.

According to the Commission's calculations, acquiring and fitting the extra equipment outlined in the proposal will involve a one-off cost of ECU 1.5 billion, plus on-going annual expenditure of ECU 200 million.