Government Purchases

Government Purchases

The money that a government spends procuring goods or services from the private sector. Examples include a local government hiring a company to repair a road or the national government buying artillery for the military. In Keynesian economics, government purchases are important for stimulating demand in times of economic downturn. That is, when no one will buy goods or services, Keynesian economics states that the government ought to do so in order to keep commerce going.
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Develop online platform to facilitate government purchases, cut time from 60 days to 6 minutes
Analysts expect growth for real government purchases of 3.9% in Q1 after a -0.4% clip in Q4.
It is necessary to boost purchases of domestic products, including government purchases, in order to achieve sustainable growth of the country's GDP.
Duterte said keeping tabs on all government purchases would help eliminate ghost deliveries and misuse of Special Allotment Release Orders (SAROs).
The minister added in an official statement that the ministry agreed to double the quantities of rice the government purchases from local suppliers.
Recto stressed that Sanofi, manufacturer of Dengvaxia, is 'duty-bound' to reimburse the government because all government purchases are mandatorily covered by warranty.
This comes in place of the low government purchases recorded so far in almost every districts of the state.
He said: "According to car dealers in the market, the government purchases the bulk of their fleet through a tendering process.
As Japan depends on imports for about 90 percent of its wheat supply, the government purchases imported wheat en masse for sale to milling companies.
Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and medium enterprise (SME) sector, hosted a workshop in partnership with the UAE Ministry of Finance to create awareness among Dubai SME members on federal government purchases and the modalities involved.
To expedite government purchases, International Paint has made its products available on GSA Advantage.
Forecaster disagreement about inflation and government purchases. For the third set of components in our policy uncertainty index, we consider disagreement among economic forecasters.
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