Sentences with phrase «additional spending cuts»

In a sobering announcement, the chancellor revealed that the state pension age would increase to 70 by the 2060s and unveiled a further # 1 billion in additional spending cuts.

Mr Osborne's combination of # 32 bn additional spending cuts by 2014 - 15 and an # 8 bn net tax hike amounts to an unprecedented fiscal squeeze, including an extremely severe clampdown on the welfare bill.

However, when explained to voters that Mayor Bloomberg says his proposal to hike the city's sales tax half a percent is not ideal but is a solution to avoid additional spending cuts in the city's budget and reduce the number of layoffs, slightly more — 46 % — support the idea.

The new bill would impose roughly $ 224 million in additional spending cuts, including the elimination of one of Mr. Paterson's own signature initiatives — a $ 25 million seed fund for new technologies — as well as cuts to legislative earmarks and tobacco prevention programs, and delaying plans to repair the roof of the State Capitol.

Additional spending cuts are likely, including layoffs.

Greece has needed three multi-billion bailouts since 2010 and additional spending cuts are a contentious issue for Prime Minister Alexis Tsipras.

The Minister of Finance has indicated that additional spending cuts could be forthcoming in order to achieve a balanced budget in 2015 - 16.