61.   New spending initiatives outlined in the budget included a savings incentive scheme aimed at easing a critical national savings problem.

62.   Nellor also said that the Philippines needed to build up national savings, strengthen global competitiveness and promote a strong financial sector.

63.   The Australian government promised Sunday to examine substantial spending cuts to turn its multi-billion dollar budget deficit into a surplus and boost national savings.

64.   The government has committed itself to wiping out the budget deficit to help improve a low rate of national savings which is blamed for turning Australians to overseas lenders.

65.   The government recently launched a national campaign to raise the national savings rate and develop the unit trust industry.