Sentences with phrase «from budget forecasting»

Not exact matches

However, the party excludes this entirely from their balanced budget plan, which starts with the 2014 Liberal budget as a baseline for their forecast revenue:

The forecast, due Monday, sets the benchmark when legislators meet in January to write a state budget for the coming fiscal year and fix shortfalls from the current year.

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).

It is packed with accessible action plans for everything from tightening cash controls to establishing budgets and forecasting sales.

The deficit for the current fiscal year that ends in two weeks is projected to be $ 25.9 billion — exactly as forecast in the fall fiscal update but up significantly from the $ 21.1 billion posited by Flaherty in last March's budget.

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.»

Second, the October 2010 Update reduced «direct program expenses» in 2012 - 13 and beyond from that forecast in the March 2010 Budget, without providing any explanation.

The Update incorporates the October average private sector economic forecasts and an increased «adjustment for risk» for 2011 - 12 to 2013 - 14, as well as an increase in employment insurance rates of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation As a result, the balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»).

Eight years after the beginning of the last recession, the economy is in much worse shape than was expected — at least judging from the forecasts that the Congressional Budget Office published back in August 2007.

Other revenues, consisting of net profits from enterprise Crown corporations, revenues from consolidated Crown corporations, revenues from the sale of goods and services, returns on investments, net foreign exchange and miscellaneous revenues were up $ 577 million (2.3 %), compared to a decline of 0.9 % forecast in the 2018 Budget.

Although other transfers were $ 0.5 billion higher - than - forecast in the 2012 Budget, the AFR included a reclassification of about $ 2.2 billion in expenses from Crown corporations to other transfers.

It is worth noting, however, that we believe it is incumbent on the government to keep spending within declared levels, and to appropriately apply any unexpected gains (i.e. from a stronger than forecast GDP growth, higher energy prices, etc.) to the deficit and thus hasten the return to a balanced budget.

In the March 2012 Budget, the forecast for «capital amortization «was little changed from the previous budget «s forBudget, the forecast for «capital amortization «was little changed from the previous budget «s forbudget «s forecast.

Finally, the PBO fiscal forecast does not incorporate the Speech from the Throne announcement that the Government will extend the current freeze on departmental and agency operating budgets.

The current PBO has now requested more information from the Department of Finance as to why direct program expenses in 2012 - 13 were nearly $ 5 billion lower than forecast in the March 2013 Budget.

In Budget 2013, the Minister of Finance revised down the forecast for the deficit in 2012 - 13 marginally, from $ 26 billion to $ 25.9 billion.

As it turns out, the PBO forecast of nominal gross domestic product (GDP) differs only marginally from the adjusted forecast of nominal GDP used in the March 2011 Budget (see Table 1).

In the 2012 Budget, the Minister of Finance revised down the deficit forecast for 2011 - 12, from $ 31.0 billion in the November 2011 Economic and Fiscal Update to $ 24.9 billion, of which $ 3 billion was due to the elimination of the «adjustment for risk to revenues».

Avis Budget believes that there is a degree of volatility with respect to certain of Avis Budget's GAAP measures which preclude it from providing accurate forecasted GAAP to non-GAAP reconciliations.

In the March 2017 Budget, the Minister of Finance lowered his deficit forecast for 2016 - 17 from $ 25.1 billion to $ 23.0 billion.

From what I understand — from what BoC convention is and what members of the Governing Council have indicated — monetary policymakers take government spending as an input into their forecasts based on what's in the budget, what's enshrined in From what I understand — from what BoC convention is and what members of the Governing Council have indicated — monetary policymakers take government spending as an input into their forecasts based on what's in the budget, what's enshrined in from what BoC convention is and what members of the Governing Council have indicated — monetary policymakers take government spending as an input into their forecasts based on what's in the budget, what's enshrined in law.

This reflects the Bank of Canada's projections for sharply lower real GDP growth in 2015, and slight increases in real GDP growth in outer years versus budget forecasts, as excess capacity from the recession is recovered.

Most of the lower outcome for program expenses was due to lower direct program expenses, down $ 3.3 billion from the March 2017 Budget forecast.

Cumulatively for the two years we estimate that there could be $ 8 to $ 11 billion available for new stimulus spending without increasing the deficit for those years from that forecast in the June budget.

Apart from the uncertainty associated with the risks noted above and the lack of credible prudence in the budget projections, we continue to believe that the forecast for «other revenues» is overstated and that for «direct program expenses» is understated.

The explanation provided was that as a «result of accounting changes due to the Jobs and Economic Action Plan, public debt charge forecasts from the Federal Budget are no longer a reasonable estimate of cash - basis expenditures for reporting in the Estimates» [5].

In the March 2017 Budget, the Minister of Finance lowered the deficit forecast for 2016 - 17 from $ 25.1 billion to $ 23.0 billion.

This would not preclude advice from the private sector forecasters, but the budget and fall update economic forecasts would no longer be based on private sector averages.

In Budget 2013, the Minister of Finance revised down the forecast for the deficit in 2012 - 13 marginally, from $ 26 billion to $ 25.9 billion... However, the revised estimate includes $ 2.4 billion for AECL environmental liabilities.

No attempt was made to compare the Estimates to the Budget as this would require forecast information from the Department of Finance.

This may not be a major concern in today's booming B.C. economy (the budget update increased the GDP growth forecast from three per cent to 3.6 per cent for 2017/18), but could be problematic down the road in leaner economic times.

Dairy farmers budgeting for next season will be interested in a milk price forecast of $ 6.10 / kg milksolids from the BNZ Economics Research group and in the details of its workings leading to upside and downside scenarios.

If I want to give a dealership a historical record of their car sales in May, so that they can then create their advertising budget ad forecast what their sales might be, I am technically forecasting for a small sample size (1 month out of 12 in a year) however, I can pull data from multiple years in the past (May months from 2007 - 2017 for example).

«The Nimrod MRA4 aircraft programme goes from bad to worse - almost # 800 million over budget and forecast to be nearly eight years late.

He pitched it as a positive: «The central forecast we publish today from the independent Office for Budget Responsibility does not predict a recession here in Britain.»

[75] His March 2013 budget was made when the Office for Budget Responsibility had halved its forecast for that year's economic growth from 1.2 % to budget was made when the Office for Budget Responsibility had halved its forecast for that year's economic growth from 1.2 % to Budget Responsibility had halved its forecast for that year's economic growth from 1.2 % to 0.6 %.

The Local Government Association (LGA) has revised its estimates for council tax increases down from the previous forecast of 3.5 per cent, as local authorities are revising their budgets.

He will also hit out at the expected reduction in growth forecasts from the Office for Budget Responsibility.

Britain is emerging from the worst recession since the second world war and its budget deficit is forecast to exceed 11 per cent of GDP in the 2010/11 fiscal year.

In George Osborne's Spring Budget, he announced a cut in corporation tax to 17 % from 2020 - 21 and costing # 945m in that year, the last of the forecast period at the time.

He said: «According to the official forecasts from the Office of Budget Responsibility, the government's plan means that the debt in 2016 - 17 the national debt will be about # 1,300 bn, that is about # 300bn more than now.»

In its March review of the City's forecast from the preliminary budget, the Independent Budget Office projected upside revenue potential of $ 1.1 - $ 2.4 billion a year over the next four budget, the Independent Budget Office projected upside revenue potential of $ 1.1 - $ 2.4 billion a year over the next four Budget Office projected upside revenue potential of $ 1.1 - $ 2.4 billion a year over the next four years.

By repeating and extending the fundamental elements of the [Office for Budget Responsibility] methodology, it is clear that even if there is no slippage in borrowing from previous forecasts, the level of spare capacity in the economy is lower than expected, so the OBR will not be able to forecast as much catch - up growth as it did in March.

In fact, according to the official forecasts from the Office of Budget Responsibility, the government's plan means that the debt in 2016 - 17 the national debt will be about # 1,300 billion, that is about # 300 billion more than now (or more than an extra # 4,000 more per person of «deadweight», in the DPM's words).

Doulis said she is eager to see the November budget modification from the City, but that previous forecasts appear apt and it is not time to panic.

Figure 2 shows that every successive budget plan over the past two years has allocated more to nondefense R&D than the plan before, in part because of continually improving economic forecasts but also because of concerted efforts to protect R&D programs from projected budget cuts.

Separate spending bills in the House of Representatives and the Senate would spare both agencies from the severe cuts forecast next year for most federal agencies in the wake of last summer's budget agreement between Congress and the White House and a budget resolution approved earlier this month by the House.

HCSS Budgeting is a powerful budget planning and forecasting tool that automatically updates with the latest financial information from the Department for Education (DfE), HMRC and the Education Funding Agency (EFA) that schools need to be aware of such as rises in teachers» pension contributions.

Training could also include the key elements of the budget and the longer term financial forecast for the institution, particularly the institution's main grant from the funding body; the financial accounts and reporting processes; course costing information; and other key financial functions such as purchasing and insurance.

However, the NAO argues that, while this protects the total budget from forecast inflation, it doesn't account for the estimated rise in pupil numbers, meaning that schools will need to find considerable savings.