The provisions setting limits on the utilization of some types of tax credit will reduce outlays by € billion. 3.2  Revenue  The budget measures are expected to reduce tax revenue by € billion, providing for € billion in tax reliefs and € billion in tax increases.
And while the panel banks had committed to continue submissions through the end of this year, they had not stated what they planned to do afterward. Although one might have expected that a statement from the regulator that a benchmark would stop might cause people to think twice before using it even if the exact end date were uncertain, many have kept using LIBOR.