Sentences with phrase «annual federal deficit»

Not exact matches

The projected elimination of the federal government deficit — currently exceeding $ 30 billion — relies on the assumption of annual GDP growth of 5.6 % while program spending is held to an average annual growth rate of 2 %.

The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public — which has more than doubled relative to the size of the economy since 2007 — and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass.

This was not an issue when the federal government was in deficit but became one once the budget was balanced and annual surpluses, larger than forecast, emerged.

Until the Federal government can pass a budget (they haven't in almost four years), remove the 7 - year long ZIRP which penalizes savers and rewards debtors, and find a way to eventually remove the excess QEs and > $ 1 trillion annual spending deficits, I will stay on the porch while the «big dogs» run.

With the federal budget coming soon, it is also worth recalling that the Liberals promised to run deficits of no more than $ 10 - billion for a maximum of three years, but the government's latest projections peg its annual deficits at almost $ 30 - billion with no timeline for returning to a balanced budget.

The national debt is the total amount owed by the government and should not be confused with the federal budget deficit, the annual amount by which federal spending exceeds revenue.

The federal government's annual budget deficit is set to widen significantly in the next few years, and is expected to top $ 1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office released yesterday.

Between 1992 and 2000, Canada converted an annual deficit of 9 % of GDP to a surplus of 3 %, cutting federal spending by around 20 % between 1992 and 1997.

Combined with the sting of the struggling economy, the new Liberal government is already facing increasing pressure to meet its election vows to cap annual deficits at $ 10 billion over the next two years and to balance the federal books in the fourth year of its mandate.