71.   Federal spending accounts for around two-thirds of public expenditure.

72.   It urged them to resist any calls for tax cuts and prune back public expenditure.

73.   Its duties include scrutinising and passing the Budget, approving tax revenue and public expenditure and appointing the Chief Justice of the Court of Final Appeal and Supreme Court.

74.   Mancera said that neither boosting public expenditures nor cutting taxes would accomplish the goal of generating higher growth rates next year.

75.   Since then, a tight lid has been placed on public expenditure.

76.   The largest public expenditure is for education.

77.   The PSBR measures the gap between public expenditure and revenue.

78.   The result, according to reports, is a need for record spending on renovating and building at a time when voters are increasingly leery of public expenditures.

79.   The steps included allowing a continued devaluation of the peso to protect foreign reserves, raising interest rates and cutting public expenditures.

80.   Urdinola said the government was committed to reining in public expenditure.