Co-payment: A cost-sharing arrangement in which a covered person pays a specific charge for a specified service. For example, an HMO may have a $10 office co-payment for physician office visits, so the employee pays $10 at each doctorâs appointment.
The United Kingdom government austerity programme is a series of sustained reductions in public spending, intended to reduce the welfare state.The cuts have affected welfare and other public institutions. However, the NHS, education and later the defence budget were ringfenced and protected from spending cuts.ts original stated goal was to, achieve cyclically-adjusted current balance by the end of the rolling, five-year forecast period.. At the June 2010 budget, the end of the forecast period was 2015-16. However, in 2014 the Treasury extended the proposed austerity period until at least 2018.
The R1 million turnover threshold for compulsory VAT registration will only come into effect in 2009âSARS FINANCE MINISTER Trevor Manuel announced in his 2008 Budget speech that the annual turnover threshold for compulsory registration as a VAT vendor would be increased from the current R300 000 to R1 million.he R1 million turnover threshold for compulsory VAT registration will only come into effect in 2009âSARS FINANCE MINISTER Trevor Manuel announced in his 2008 Budget speech that the annual turnover threshold for compulsory registration as a VAT vendor would be increased from the current R300 000 to R1 million.