"The 2019 draft budget includes measures to boost the productive sectors in Lebanon, particularly the industry and agriculture [sectors], with the aim of a gradual transformation to a productive economy instead of a
welfare economy that had been adopted by successive governments," Aoun said during a meeting at Baabda Palace with a delegation from the Jounieh-Kesrouan-Ftouh merchants' association.
Tees Valley Mayor Ben Houchen said: "This is a fantastic fund that is helping companies in the Tees Valley win business - helping to build the high growth, high wage, low
welfare economy we all want to see.
"We must look at the Tees Valley {Combined Authority] where the Conservative mayor, Ben Houchen is delivering in this region just little more than one year into his office, with a vision to create a high growth, low
welfare economy," he told councillors at South Shields Town Hall.
Madam Seema Mughal, Vice Chancellor - Greenwich University, shared that KRC is a step towards the realization of Quaid's dream of a democratic State, a
welfare economy, and a pluralistic society - also reiterated in Pakistan's Vision 2025.
"My ministers will continue to bring the public finances under control so that Britain lives within its means, and to move to a higher wage and lower
welfare economy where work is rewarded."
Chancellor George Osborne has said the new pay rates "will play a central role in moving Britain to a higher wage, lower tax, lower
welfare economy" while Torsten Bell, director of the Resolution Foundation, said the National Living Wage "will transform the low pay landscape in the North East."
In it's annual "Cities Outlook" report, the think tank said some cities were achieving a goal set by Chancellor George Osborne in his Budget statement last July, when he said: "We have to move Britain from a low wage, high tax, high welfare society to a higher wage, lower tax, lower
welfare economy."
The report's authors say the figures make Liverpool a prime example of a low wage and high
welfare economy.
In his Budget statement last July, Mr Osborne said: "We have to move Britain from a low-wage, high-tax, high-welfare society to a higher wage, lower tax, lower
welfare economy."
Abdulatif added that some believe that the
welfare economy's philosophy is the one which provides subsidy to energy.
She added that some believe that
welfare economy philosophy is the one which provides subsidy to energy.