111.   Two months before a national election, the goverment is moving to balance the budget by cutting government spending and increasing taxes to deal with the crisis.

112.   Unless expenditures are checked or taxes are increased sharply, they will push the budget deeply into the red by the second decade of the next century.

113.   When benefits began to outstrip revenues, taxes were increased to make up shortfalls that were threatening insolvency.

114.   While the pledge is politically popular, funds for spending will have to come from somewhere, analysts said, so other taxes could be increased.

115.   With their state aid levels frozen, school districts and municipalities have warned that they may have to increase local taxes to pay for rising costs.

116.   Payroll taxes cannot be increased and disability and survivors components must be preserved.

117.   Anwar added that if Malaysia had to borrow from the IMF, it would be subjected to various conditions, including the possibility of increasing its taxes.

118.   As a result, the government increased taxes on many goods covered by the MercoSur Pact with Argentina, Uruguay and Paraguay.

119.   At the same meeting, Finance Ministry Mikhail Zadornov defended his plan to increase taxes on the oil industry, according to the ITAR-Tass news agency.

120.   Becker noted that when the tax was increased a decade ago, domestic production declined for five straight years.