11.   Development and operating expenditure had to be cut, which translates into a deterioration in the quality of life for the masses.

12.   ING said the growth of both income and operating expenditure in its banking activities was influenced by the inclusion of Barings in the consolidated accounts.

13.   Most revenues to fund operating expenditures will come from tax collections at ports of entry.

14.   Reserve fund denotes an amount all government agencies are required to set aside through a reduction in their maintenance and operating expenditures.

15.   There may be a need for cutting back further on operating expenditure.