Sentences with phrase «austerity plan»

An "austerity plan" refers to a set of measures taken by a government to reduce spending and save money. This can involve cutting public services, reducing wages or pensions, and increasing taxes. Austerity plans are usually implemented during times of economic hardship or when a country's debt is high, with the goal of improving economic stability and reducing budget deficits. Full definition
But the recommendations, released today, come as the Australian government is reportedly considering a freeze on research grants as part of austerity plans.
Since forming the coalition in 2010 the coalition has been forced to accept its already harsh austerity plans will have to be extended long beyond 2015.
That is the basic folly which underlies IMF austerity plans and neoliberal Chicago planning generally.
To protect taxpayers and preserve Oneida County's hard - won fiscal stability, Oneida County Executive Anthony J. Picente, Jr., today announced an Oneida County Government Austerity Plan that will severely limit spending.
Companies that actually use raw materials and consumers that buy products are being squeezed, by a combination of debt service and a financial austerity plan — while Wall Street and speculators are being enabled to make a killing.
«If they went along with the existing austerity plan, it will take a hell of a lot longer for them to recover, if not making it impossible.»
Unless Burnham can navigate an acceptable compromise with the Hillsborough families he is deeply loyal to and the Sun, his messages about championing the NHS and delivering a fairer austerity plan may never get a fair hearing in Britain's biggest newspaper.
But the failure of the Government's austerity plan means that the next Labour government is likely to inherit a deficit that still needs to be reduced.
What's now the difference between Labour and Tory austerity plans except that Labour will supposedly take one more year to get there?
The new year message also looks forward to next year's comprehensive spending review, when the Conservatives and Liberal Democrats will offer full austerity plans to extend spending cuts well into the next parliament.
The grand austerity plan is failing to tackle the deficit, causing unemployment to spiral out of control, and is now dragging the country back towards recession.»
Hopes that the current austerity plans would be limited to two years into the next government were dashed by the Office for Budget Responsibility, which said in a report to accompany the autumn statement that growth would be 3.6 % lower than expected by 2018.
On the basis of that information, Minchin and his colleagues are developing suggestions about where water should be allocated and how it should be used as the country's water austerity plans become more stringent.
Tight Government Budget to Hit Universities Hard University World News, 8/20/15 «World - renowned Finnish educator, author, scholar and Visiting Professor of Practice at Harvard University's Graduate School of Education, Pasi Sahlberg, commented to University World News: «I think the government's austerity plan hits education particularly hard in two ways.
The reason utilities have traditionally been viewed as a safe haven for risk averse investors is that while people may buy fewer iPhones or designer jeans in a downturn, they still need the lights on, even with the prospect of a US Austerity Plan perhaps akin to what Europe is seeing now.
The risk is that the cost of borrowing money from bond investors for the highly indebted countries will rise substantially, offsetting any improvements they can make in their budget outlook by way of higher taxes or pushing through austerity plans.
Latin American debtor countries experienced similar austerity for decades under IMF austerity plans, which they called «stabilization policies.»
The Liberals have proposed an austerity plan that would find $ 1.3 billion in spending cuts in their first two years in office.
To try and secure the deal, the government announced an austerity plan to raise taxes and slash US$ 20 billion in public spending — including cuts to social welfare and public jobs, and a lowering of the minimum wage.
When the austerity plan demanded by the IMF since 2010 didn't help Greece, they joined with the rest of the Troika (the European Central Bank and European Union) in 2015 to demand that Greece agree to sell off its islands, sell off its ports, sell its water systems, sell everything in the public domain.
So, you heard on Monday, Mr. Papandreou said: «We're going to have a referendum on whether to go along with the austerity plan or not.»
Either it means that other members of his party — the finance minister, who is against the referendum — will come in and not hold a referendum at all, and try to keep Greece on the austerity plan, or there will be a fall in the government, a no - confidence vote, and people will presumably vote for the Conservative Party, which is very much like the Republican Party in the United States.
«But step one is: get rid of the debt, and get rid of the austerity plan
Should Greek voters reject the austerity plan, it could lead to a messy default on the country's debt that would likely cause massive losses for banks that hold Greek bonds - and possibly spark a wider financial crisis that could send Europe into recession.
Looking forward the Tories won this election by executing their tactical plans not by the electorate endorsing their austerity plans of moving even more wealth to the rich.
This is Britain's version of groundhog day: every time George Osborne updates us on the state of his austerity plans, we're told there are five years to go until the misery is over.
Under this leadership Labour now fights the government's austerity plans and attacks one Tory policy after another.
That was the Irish Minister of Finance last December, telling the Irish Parliament that his austerity plan was working, just four months before they slid back into recession.
David Cameron and George Osborne have hailed their austerity plan after the former chancellor's deficit reduction target was finally met.
The party has been united over the past 18 months in arguing that the Tories» austerity plan is economically dangerous.
«I look across at the business secretary sitting there and I just can't bear to read out again all those pre-election quotes - the ones where he warned the chancellor's austerity plan would choke off the recovery and make the deficit worse,» he said.
«Ahead of next week's Budget, today's unemployment figures serve as yet another reminder that the UK government's austerity plans are simply not working.
Miliband argues the party has been united over «arguing that the Tories» austerity plan is economically dangerous», so it would be interesting to know how far he feels a softer austerity should go under Labour.
He plans to present this as a «prosperity plan» tonight in contrast to the austerity plans being proposed by other candidates.
Borrowing bill hits lowest January level in 17 years, putting chancellor in position to ease some austerity plans
«This year Cuomo said, «You can't put me on your line unless you endorse the austerity plan,»» Hawkins said.
The IMF has today said that the Government's austerity plans are not working and need to be reined back, these figures compound those concerns
Johnson said this pattern of cuts in the autumn statement was consistent with the government's broader set of tax increases and welfare cuts put in place as part of the austerity plan.
Next week Ed Miliband marks his first year as Labour's leader as supporters of the party look to him and Ed Balls to articulate an alternative to the government's austerity plans.
Temer's austerity plan could squeeze funds even further.
The government's only possible rationale for this is to reduce the overall teachers» pay bill as part of its austerity plan.
«The key is to prioritize your expenses and remember this austerity plan is just temporary,» says Sheila Walkington, co-founder of Money Coaches Canada in Vancouver.
Germany's Chancellor Merkel has presented an austerity plan that includes an eco-tax on air travel.
The austerity plan from 1 April 2012 is to restrict the opening of public counters at all county courts and Family Proceedings Centres...
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