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 bipartisan Budget Control Act (BCA) capped discretionary Pentagon spending at $3.9 trillion between 2015 and 2021, an average of 2.6 percent of GDP per year. That means Americans would need to spend $2.1 trillion above the current caps to meet the 4 percent threshold, and $3.6 trillion more to reach 5 percent. For added perspective, then-House Budget Committee Chairman Paul Ryanâs FY15 alternative projected $4.2 trillion for defense, or 2.8 percent of GDP.