Limited time offer: the region's governments are rolling in cash. Getting in while budgets are fat is key.Runaway government spending Government spending or government expenditure consists of government purchases, which can be financed by seigniorage, taxes, or government borrowing. It is considered to be one of the major components of gross domestic product. , borrowing and exchange-rate tinkering tin·ker n. 1. A traveling mender of metal household utensils. 2. Chiefly British A member of any of various traditionally itinerant groups of people living especially in Scotland and Ireland; a traveler. 3. would seem to be a thing of the past now that Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. is clearly in the black. For the first time in a half-century, the region posted current-account surpluses in 2003 and 2004 and was expected to finish flat in 2005, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Citigroup. High commodity prices have pumped money into the region for years now, and governments have wisely paid down debts. That means more money to spend on things a government needs to run. Computers for offices and schools. Clothes and bullets for the Army and bedpans and gurneys for the hospitals. Despite political instability in some countries, companies nonetheless are bidding to supply governments with expanding budgets. Across the region, education, defense and healthcare have proven to be the big winners, and now may be the best time to bid on contracts. If commodity prices fall--and they always do--cuts to public spending (and rollbacks on legally shaky contracts) will likely take place long before politicians sum up the nerve to send payrolls to the chopping chop 1 v. chopped, chop·ping, chops v.tr. 1. a. To cut by striking with a heavy sharp tool, such as an ax: chop wood. b. block. This offer won't last for long. |
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