The balance came from government and corporate funding and investment income.
Not exact matches
Financial experts say the central bank's intervention seems to have catalyzed a virtuous circle: As new
governments come in and promise to deliver spending cuts, tax increases and
balanced budgets, once gun - shy banks have an added incentive to tap new financing
from the central bank and jump back into bond markets that they were running
from just a few months ago.
During the 1990s and early 2000s, when projections of the budgetary
balance were off by wide margins, the credibility of the Department of Finance's forecasting abilities
came under attack
from both inside and outside the
government.
Governments have on
balance been net buyers of additional reserves; thus, aside
from the newly mined and refined gold, additional supply can only
come from existing private investments and jewelry recycling.
 The Harper
government's decision last year to write off every penny of the auto aid and thus build it all into last year's deficit calculation (which I questioned at the time as curious and even misleading) has already been proven wrong. Since the money was already «written off» by Ottawa as a loss (on grounds that they had little confidence it would be repaid — contradicting their own assurances at the same time that it was an «investment,» not a bail - out), any repayment will
come as a gain that can be recorded in the budget on the revenue side. Jim Flaherty has learned
from past Finance Ministers (especially Paul Martin) that it's always politically better to make the budget situation look worse than it is (even when the bottom has fallen out of the
balance), thus positioning yourself to triumphantly announce «surprising good news» (due, no doubt, to «careful fiscal management») down the road. The auto package could thus generate as much as $ 10 billion in «surprising good news» for Ottawa in the years to
come (depending on the ultimate worth of the public equity share).
In accord with this concept of the free market
came other freedoms to supplement and enhance it: the freedom of an individual to engage in enterprise, the freedom to speak his mind and worship his God, the freedom to choose those who govern, as well as protection
from those who govern, through a system of «checks and
balances» whereby each of the three branches of
government curbed the power of the others.
The Republican State Leadership Committee and its affiliated 501 (c)(4), the State
Government Leadership Foundation, have made significant donations to New York political groups, including $ 10,000 to the
Balance New York super PAC, most of whose funds in turn
come from the Rent Stabilization Association PAC and the Neighborhood Preservation Political Action Fund.
When it
comes to tax - efficient withdrawal strategies in retirement, Diamond says what he has found to be effective is «all of the above,» meaning a
balanced approach including early withdrawals
from fully taxable sources such as RRSPs, pensions and
government benefits.
There may be some cynicism & oppurtunism, but on
balance, I'd actually speculate that it's «No
government regulation» first... now, given that belief, where might funding
come from?
Such a move could shift the
balance of power too heavily in favor of Fannie and Freddie, which already benefit
from low - cost borrowing power and other cost efficiencies that
come with their
government charters, lenders say.