Sentences with phrase «last year the deficit»

Last year the deficit was 7.9 pc.

You saw that last year the deficit was 9.4 per cent of GDP, that's where it ended and thanks to the Asempa budget, we've gone back on the path of fiscal consolidation to bring back the deficit this year to 6.5 percent of GDP.

Not exact matches

The $ 665 billion deficit for fiscal year 2017 will rise to about $ 800 billion this year and jump to $ 1.1 trillion in 2019, a result of the last year's tax deal and an early 2018 spending...

The U.S. government's fiscal deficit for 2017 was $ 665 billion and that is expected to rise to about $ 800 billion next year, jumping to $ 1.1 trillion in 2019, a result of last year's tax...

Last year, the CBO published what it called «115 options for reducing the deficit,» and all of those painful suggestions were among them.

The Bank of Canada said nothing in public about the possible merits of deficit spending as it twice cut its benchmark interest rate last year to offset the collapse of oil prices.

The proportion of people who say they are saving less than last year to retirement savings is down, but the retirement income deficit for the coming generation of retirees is estimated to be $ 4.3 trillion.

WHAT THEY DID: An earlier version of the Senate plan would increase deficits by roughly $ 1 trillion over 10 years, even when taking into account additional economic growth forecast with the tax cuts, the Joint Committee on Taxation said last week.

WASHINGTON (AP)-- The combined effects of President Trump's tax cuts and last month's budget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Office.

Last year's budget was the «ostrich budget,» wherein Flaherty jammed his head in the sand while punting all the pain for dealing with the deficit down the road.

Ross also pointed out that the trade deficit with China — at a record $ 276 billion last year — is a result primarily of economic factors instead of policy issues.

Saudi Arabia has projected a budget deficit of 195 billion riyals in 2018, or 7.3 percent of GDP, down from 230 billion riyals last year.

And there's a bruising fight with Congress over spending and the federal deficit on the horizon, just days after Obama and Congress averted the fiscal cliff with a last - minute deal over the New Year's holiday.

Germany, by comparison, has much less to complain about: Its goods trade deficit with China remains on a steeply declining trend, falling last year to 14.2 billion euro, a 21.5 percent drop from 2016.

Last year, China ran a whopping 176 billion euro trade surplus with the EU, while the U.S. took a 120.8 billion euro deficit.

Finance Minister Jim Flaherty, who ran a projected $ 56 - billion federal deficit last year, recently softened his stance on stimulus along with his deadline to get back to balance, but even little trims hurt.

Analysts claim the Portuguese projections are «realistic» for 2020 as Lisbon has managed to reduce its deficit over the last few years.

And late last year, the Republican tax cut was enacted that will add more than $ 1 trillion to federal budget deficits over a decade.

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.

As Moody's points out, last year's deficit of 3.4 % of GDP was the highest of any industrialized nation except Japan, and the shortfall is headed skyward.

In April last year, Trump opened a «Section 232» investigation into the steel and aluminum import deficit, with the unusual aim of figuring out whether it's a national security issue.

(Last year, the U.S. trade deficit with Germany was nearly $ 65 billion.)

This implies a deficit of $ 17.1 billion over the balance of the year, compared to a deficit of $ 14.4 billion over the same period last year.

The deficit will be $ 10.3 billion, which is barely lower than last year's record mark.

Notwithstanding the Conservatives» repeated rejections of the PBO claim, last year's budget was an implicit admission that a significant portion of the federal government's deficit was structural.

We raised the issue of a structural deficit in our budget submission to you last year.

The clash reflects the tension between Trump's promises to narrow a U.S. trade deficit with China that stood at $ 375.2 billion last year and the ruling Communist Party's development ambitions.

For the last two years the final deficit outcomes have come in substantially below the budget forecasts.

Flaherty and Harper even exported their focus on restraint, successfully pushing at the G20's Toronto summit last year for a declaration that industrialized countries would slash their deficits in half within three years.

The Treasury Department reports that the February deficit was 12.1 percent higher than a year ago, reflecting in part a drop of $ 5 billion in individual withholding taxes paid last month compared to a year ago.

Deficits and debt are evil, according to the Conservatives, despite their dismal record over the last seven years.

Last year's budget pledged to wipe out Ottawa's deficit by 2014 - 15.

The fiscal picture has improved slightly since the fall economic update — this year's deficit is forecast to be $ 25.4 billion, down slightly from the $ 27.8 billion expected last fall.

Titled «Building a Strong Middle Class» the 278 - page document is essentially a sequel to last year's «Growing the Middle Class,» with page after page reminding voters what the government did in its first big - spending, deficit - ballooning budget.

Even better, with the unilateral announcement by Mr. Flaherty in December of last year to cut the growth of the Canadian Health Transfer (CHT) from 6 percent annually to the growth of the economy beginning in 2017, the structural deficit problem of the government disappeared.

For example, if Congress extends tax provisions that expired at the end of last year or will expire in the future and enacts an unpaid - for repeal of the automatic spending reductions known as the sequester, ten - year deficits would increase by $ 1.7 trillion (from $ 10.1 trillion to $ 11.8 trillion) and result in debt in 2027 reaching 97 percent of GDP (instead of 91 percent).

The December 2010 Fiscal Monitor shows the deficit for the first nine months of 2010 - 11 was $ 27.4 billion, $ 12 billion lower than reported for the same period last year.

The November 2010 Fiscal Monitor shows that the deficit for the first eight months of 2010 - 11 was $ 26.0 billion, $ 10.3 billion lower than reported in the same period last year.

Double the Deficit: After an unprecedented debt binge by Congress, the dust has settled and we estimate that 55 percent of next year's deficit will be a result of legislation passed since 2015 — mostly last year's tax cuts and this year's bipartisan spendinDeficit: After an unprecedented debt binge by Congress, the dust has settled and we estimate that 55 percent of next year's deficit will be a result of legislation passed since 2015 — mostly last year's tax cuts and this year's bipartisan spendindeficit will be a result of legislation passed since 2015 — mostly last year's tax cuts and this year's bipartisan spending deal.

The March 2011 Fiscal Monitor reports a deficit of $ 34.4 billion for the April 2010 to March 2011 period, $ 12.6 billion lower than reported for the same period last year.

Over the last year, China has become a net seller of US treasuries, she said, noting that if the Fed isn't there to buy treasuries and monetize the deficit, who will?

The overall United States trade deficit in goods and services with the world widened 12.1 percent to $ 566 billion last year, the largest gap since 2008.

The February 2011 Fiscal Monitor reports a deficit of $ 28.3 billion for the first eleven months of 2010 - 11, $ 12.3 billion lower than reported for the same period last year.

Despite the region running on a gasoline supply deficit (compared to this week last year), all states saw prices decrease, which is in - line with the national trend, on the week: Wyoming -LRB--4 cents), Colorado -LRB--4 cents), Montana -LRB--2 cents), Idaho -LRB--1 cent) and Utah -LRB--1 cent).

Rising crude oil prices over the last two years will further aggravate the trade deficit as the currency is also depreciating, which will add to the import bill.

The White House budget director came to Capitol Hill on Tuesday to sell President Donald Trump's budget, but the administration's allies in the Senate preferred to talk about last year's tax cut rather than the trillion - dollar deficits contained in the new spending plan.

Greece is already managing to beat some of its deficit - reduction targets, as figures released Wednesday show that its central budget deficit for the first two months of 2012 had shrunk by more than half compared with the same period last year.

When the trade deficit with China was $ 350 billion last year, what it actually meant was that China sent us $ 350 billion worth of goods, and we gave them our printed paper (fiat money dollar) in exchange.

In particular, India is crying foul over its rising trade deficit with China, which jumped 42 percent to $ 40 billion last fiscal year.

If a company has been running a deficit for the last 2 years you might sell your shares.