The June 2011
Budget planning assumption for nominal GDP is roughly similar to the Parliamentary Budget Officer (BPO) forecast.
Nominal GDP — the applicable base for budgetary revenues - has been revised down by $ 43 billion in 2012 from the June 2011
Budget planning assumption.
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.
Not exact matches
The Trump administration's proposed
budget contained similar
assumptions that the tax
plan would reduce the deficit and overall debt load, something that was widely contradicted by economists.
Budget planning should not be based on the
assumption of a strong recovery in global economic growth.
The average of the private sector forecasts forms the basis for the economic
assumptions used for fiscal
planning purposes in the
budget and fall update.
Comparing PBO's forecast for nominal GDP to the
Budget 2012
planning assumption, the PBO forecast is slightly lower in the period 2013 to 2015 and virtually identical in the other years.
The Conservatives and the NDP have based their
planning framework on
assumptions from the April 2015
budget, before it was understood that Canada was in a recession.
Changing the process will open the debate on the applicable economic
assumptions to use for
budget planning.
They illustrate how difficult it is to translate the economic
planning assumptions into credible fiscal projections for
budget planning purposes.
In the November 2016 Update, he stated that «the government will continue to evaluate risks between now and the time of
Budget 2017 to determine the appropriate level of the adjustment for risk to be used in the
Budget 2017
planning assumptions».
The multi-year tables in New York State's just - released Enacted
Budget Financial
Plan for fiscal 2015 make continued use of Governor Andrew Cuomo's new fiscal conjuring device: a lump - sum, below - the - line reduction in future projected spending, based on the
assumption that the governor will «propose, and negotiate with the Legislature to enact
budgets that hold State Operating Funds spending growth to 2 percent.»
For a second consecutive year, Cuomo also is relying on his 2 percent growth
assumption — as expressed in the magic footnote at the bottom of the financial
plan — to obscure the existence of future
budget gaps.
Under the
assumptions used in the AAAS analysis, the President's
plan and the congressional
budget resolution yield different results for the key R&D agencies in the outyears.
In response to this situation, Rockefeller's administrators and trustees have begun a review of the economic
assumptions and models that drive the
budget planning process.
It calculates forward based on your current savings rate (and a bunch of other
assumptions) to find out how long your money will last under that
plan, and also estimates backwards from your
budget needs, accumulation years investment returns, and a sustainable withdrawal rate to rough out how much you should be saving (annually).
Further to that, I know that my advice to new interrailers would be to
plan ahead and look into the city you're visiting, don't make any
assumptions if you're on a tight
budget!»
In July 2015, the Board of Trustees named William Mea as Interim President, and approved President Mea's new near - term
budget plans that are focused on achieving financial stability based on prudent financial and operational
assumptions.
We then see proposed
plans making myriad
assumptions about actions they would take to remain within their allotted carbon
budgets.
Also, don't make
assumptions that your spouse or partner is doing the
budget,
planning for retirement, paying the bills or preparing the tax filings.