a pendent ornament consisting commonly of a bunch of threads, small cords, or other strands hanging from a roundish knob or head, used on clothing, in jewelry, on curtains, etc. 2. something resembling this, as the inflorescence of certain plants, especially that at the summit of a stalk of corn.
It is estimated that Governmentâs total expenditure for the financial year 2016-2017, on the accrual basis, will be $4 394.5 million. When converted to the cash basis, total expenditure is $4 331.7 million, an increase of $92.5 million or 2.2 per cent over the revised figure for 2015-2016.
The Congressional Budget Act of 1974 defines tax expenditures as ârevenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability.â These provisions are meant to support favored ...