Sentences with phrase «budget forecast of»

On balance, the results to date appear to be consistent with the March 2017 Budget forecast of a deficit of $ 23.0 billion.

Personal income tax revenues were up $ 2.6 billion (5.7 %), somewhat the 2017 Budget forecast of 6.1 % for the year as a whole.

Direct program expenses were up $ 1.3 billion (3.4 %), significantly below the 2017 Budget forecast of 6.3 %.

However, the deficit for 2011 - 12 was $ 1.4 billion higher than the March 2012 Budget forecast of $ 24.9 billion, due to lower revenues.

This was based on a table that appeared in Volume I of the Public Accounts of Canada 2012 that compared the final audited outcome for 2011 - 12 to the June 2011 Budget forecast of program expenses.

Although this is encouraging news, at least five to six months of financial data are required before one can assess the current results to the June 2011 Budget forecast of $ 32.3 billion for the fiscal year as a whole.

Although this is encouraging news, at least five to six months of financial data are required before one can assess the current results to the March 2012 Budget forecast of $ 21.1 billion for the fiscal year as a whole.

These large discrepancies suggest that the April Budget forecast of a surplus of only $ 1.4 billion could be understated by at least $ 2.5 billion.

More importantly, the deficit for 2012 - 13 was a whopping $ 6.9 billion lower than the March 2013 Budget forecast of $ 25.9 billion.

Although this is encouraging news, at least five to six months of financial data are required before one can properly assess the current results to the June 2011 Budget forecast of $ 32.3 billion for the fiscal year as a whole.

Personal income tax revenues were up $ 0.8 billion (3.3 %), well below the 2017 Budget forecast of 5.8 % for the year as a whole.

In contrast, corporate income tax revenues (up $ 0.5 billion or 7.1 %) and sales and excise taxes (up $ 1.2 billion or 14.9 %) were well above their Budget forecasts of 2.6 % and 2.2 %, respectively.

In contrast, corporate income tax revenues (up $ 1.9 billion or 14.8 %) and sales and excise taxes (up $ 2.2 billion or 12.8 %) were well above their Budget forecasts of 2.6 % and 2.2 %, respectively, for the year as a whole.

Not exact matches

I put more faith in futures markets than in private sector and budgetary forecasts, but given the recent escalation of oil prices, there is a reasonable chance prices end up matching or exceeding the estimates in Budget 2016.

Years ago, under Paul Martin, Finance stopped using its own forecasts, opting instead to base the budget on the average prediction of a group of outsiders, mostly the lead economists at the country's biggest banks.

Often, but not always, forward - looking statements can be identified by the use of words and phrases such as «plans,» «expects,» «is expected,» «budget,» «scheduled,» «estimates,» «forecasts,» «intends,» «anticipates,» or «believes» or variations (including negative variations) of such words and phrases, or state that certain actions, events or results «may,» «could,» «would,» «might» or «will» be taken, occur or be achieved.

Personal income tax will hit a 20 - year high of 12.5 per cent of GDP by 2020 - 21 under the budget forecasts as the government relies on bracket creep and an increase in the Medicare levy to return the budget to surplus.

A number of packages also provide insight tools to make light work of forecasting, valuation, future budget planning, VAT returns and payroll analysis.

«The president just stripped the Department of Homeland Security of its leader, was blasted by the outgoing head of hurricane forecasting for how his budget cuts could set back this work, and lacks any experience (as a senator or governor) with navigating a difficult disaster response.

Page 60 of the budget gives forecasts of 2.0 % GDP growth, -0.4 % for GDP inflation, and 0.60 % for the 3 - month T - Bill rate for 2015.

As a business owner, look for an accountant who can offer advice when you set budgets, forecasts and goals for your business and can provide valuable input based on their knowledge of your finances.

If you have trouble with numbers, are not sure if you're setting up forecasts and budgets correctly, or need help understanding whether or not labor costs should be cost of goods or expenses, for example, your accountant should be able to help.

Analysts were forecasting weekend sales of $ 41 million to $ 47 million for the Spielberg film, a respectable opening for a movie with a production budget set at $ 150 million to $ 175 million by people with knowledge of the matter, and additional millions in marketing costs.

Furthermore, our management uses each of these measures as measures of the performance of our operations for budgeting and forecasting, as well as employee incentive compensation.

There is plenty of time to introduce these commitments in future budgets: they came with the proviso they would not be implemented until the budget was balanced, which the Department of Finance forecasts will occur in fiscal 2015 - 2016.

One of the most important skills of any entrepreneur is the ability to prepare budgets and accurate financial forecasts for the business.

One of the first things I look for in any budget are the economic projections, particularly after Budget 2015 contained wildly optimistic oil price forebudget are the economic projections, particularly after Budget 2015 contained wildly optimistic oil price foreBudget 2015 contained wildly optimistic oil price forecasts.

Finance ministers routinely call on outside economists for input and forecasts as part of the budget - writing process.

The economic forecasts in the budget will be a little less interesting this year as in late February the Department of Finance released a set of forecasts in their Canadian Economic Outlook (CEO).

But there are useful classes for financial professionals, especially newly promoted controllers, who might benefit from intensive exposure to state - of - the - art cash forecasting, budgeting, and financial - reporting systems (taught in Seminar 1206QGF, The Controller's Job in Today's Environment).

The forecast also reflects the ongoing impacts of measures announced in the 2012 Budget to freeze the Business Education Tax reduction plan.

From all three perspectives addressed in the review, Drummond concluded that «the Ontario Ministry of Finance revenue forecast is a sound basis for budget planning.»

In the more realistic case that growth is 1pc lower than forecast, but is coupled with an ambitious budget surplus of around 2.5 pc of GDP, Greece would still require a total write - off of its entire first bail - out package worth $ 53.1 bn.

Revenue forecasting helps you budget business expenses early because you have a better idea of the total amount of money you have to budget each month.

For the 2014 Budget, the Ministry of Finance retained Don Drummond, one of Canada's top economists, to review the revenue forecast and provide an opinion on its reasonableness.

Finally, changes since recent budgets were examined to understand the nature of past variances and whether there may still be biases in the current forecast.

The inadequate level of «risk adjustment» in the forecast seriously undermines the «credibility» of the latest fiscal update as a basis for budget planning.

Despite the fact that economic growth for this year is now forecast to be substantially lower than that expected at the time of the April Budget, Mr. Oliver is still confident that the federal government will record a surplus in 2015 - 16.

The inadequate level of «risk adjustment» in the forecast seriously undermines the «credibility» of the latest fiscal update as a basis for budget planning and the ability to claim a budgetary surplus over the medium term.

We should also have been given the forecast of the Department of Finance and justification for not using it as the basis for budget planning instead of an «average».

The prudence that he proposes to include in his budget forecast should be increased to a minimum of $ 4 billion in 2013 - 14 and growing over time.

The monthly results for most of the major components are consistent with their 2012 Budget forecasts.

As we have argued before (Time to Make the Budget Planning Process More Accountable, Transparent and Prudent — November 2010 www.3dpolicy.ca), we would strongly recommend that you use the Department of Finance's economic forecast rather than average of private sector forecasts, arguing that the Department's economic forecasts provide the most accurate basis for budget forecaBudget Planning Process More Accountable, Transparent and Prudent — November 2010 www.3dpolicy.ca), we would strongly recommend that you use the Department of Finance's economic forecast rather than average of private sector forecasts, arguing that the Department's economic forecasts provide the most accurate basis for budget forecabudget forecasting.

In the June 2011 Budget, the Government forecast a deficit of $ 32.3 billion.

This forecast was reduced by $ 1.3 billion to a deficit of $ 31.0 billion in the November 2011 Update of Economic and Fiscal Projections and by a further $ 6.1 billion to a deficit of $ 24.9 billion in the March 2012 Budget.

As a result, compared to the March 2012 Budget planning assumption, the level of nominal GDP is $ 9 billion lower in 2012 — this consists of a «risk adjustment factor» of $ 7 billion and the difference between the change in the private sector average forecast of $ 22 billion less the March 2012 Budget «risk adjustment factor» of $ 20 billion.

It is probably no coincidence that the release was on the same day as the release of the Parliamentary Budget Officer's «An Update of the Budget 2015 Fiscal Outlook», which forecasts a deficit of $ 1.0 billion for 2015 - 16.

Unfortunately, budget forecasts do not provide a breakdown of the various components of nominal GDP, such as wages and salaries, corporate profits, interest income, etc., so it is difficult to properly assess the impact of changes in the economic forecast to changes in the major components of budgetary revenues.

Using the Bank of Canada forecast growth of 1 % for 2015, we have estimated that there would be a deficit of $ 1.6 billion in 2015 - 16 but have maintained the April budget forecast for the remaining years.

The PBO questioned the extent of the upward revisions to the March 2012 Budget deficit forecasts, given the projected downward revisions to the economic forecast.