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estimates

n. (plural of estimate English)

Wikipedia
Estimates

In countries using the Westminster system the Estimates are a series of legislative proposals to parliament outlining how the government will spend its money.

The Estimates are drawn up by bureaucrats in the treasury department in collaboration with representatives from the cabinet. They consist of detailed reports on how each department or ministry will spend its money. The estimates are normally introduced in the House of Commons just prior to the main budget, which gives them time to be analyzed by House committees. Unlike the budget the estimates contain no references to fiscal policy, long-term goals, or where the money is coming from. After each section is reviewed by the relevant committee the entire Estimates are voted on as one bill. This "supply" vote is a matter of confidence. Unlike tax proposals in the budget, the Estimates are rarely controversial, with most issues being dealt with in committee.

Most of the countries also mandate an update or series of updates to the Estimates to account for changes in the economy or in government policy. In Canada, for instance, this update must be passed in December each year.

Usage examples of "estimates".

Martin estimates that for a reactor size of about ten feet, we may need an intake diameter, or magnetic-field sweep, as great as six million miles.

His title was appropriate, for most of his work dealt with estimates and valuations.

During one of these visits he completed his estimates of the rate of movement of the glacier which had swallowed up the three guides, and uttered the prediction that the glacier would deliver up its dead at the foot of the mountain thirty-five years from the time of the accident, or possibly forty.

Manza estimates that 80 per cent arrive with voting rights intact, which they do not forfeit by relocating to the Sunshine State.

A recently released University of Minnesota study estimates that, for example, 93 per cent of felons of all races favored Bill Clinton in 1996.

Aleytys felt awe-stricken and somewhat disconcerted to find her estimates of the great mass of the squale erring on the low side.