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But this is all spending since 1994, not reflationary spending since 2008.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Jun 21st, 2013 at 05:54:51 AM EST
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That said, if I think of an example familiar to me: if a city builds a metro system by combining transferred-down funds from the central government's stimulation programme and its own income on land sales, a bursting bubble for the latter can kill the project even if the central government continue to offer the money.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Jun 21st, 2013 at 06:03:15 AM EST
[ Parent ]
Actually the quoted figures are for 2012 only.

Anything prior to 2009 it is very hard to get accurate statistics on.  Detailed budget reports only date from that year on, and it's still rather vague. The reflationary spending has primarily been directed to infrastructure and attempts to stimulate domestic demand.  

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Fri Jun 21st, 2013 at 06:25:59 AM EST
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