Sentences with phrase «balancing budget»

Balancing the budget four years from now is the easy part.

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

Originally, the Harper government seemed to understand this and committed only to balancing the budget over the medium term, without specifying a date.

Balancing the Budget: The House voted on a balanced budget amendment to the Constitution with no actual plan to balance the budget — perhaps because it won't be easy.

We estimate that balancing the budget in ten years would require savings of between $ 7 trillion and $ 10 trillion, while just stabilizing the debt at its already high level would require $ 5.4 trillion to $ 8 trillion.

In the 2013 Speech from the Throne, the Government for some mysterious reason committed to balancing the budget in 2015 - 16 and that is the corner they have now painted themselves into.

«Balancing the budget for a fourth year in a row --- while other provinces grapple with debt, deficits, and economic uncertainty — is an accomplishment that gives the business community reassurance that B.C. is on the correct course,» said Iain Black, President and CEO of The Vancouver Board of Trade.

Its key commitment of balancing the budget in 2015 - 16 is at risk, although Finance officials will be under pressure to come up with innovative ways to show a balanced budget for 2015 - 16.

«And it is simply this: Our government is committed to balancing the budget in 2015.»

Next the economy was hobbled by President H W Bush balancing the budget by signing a tax increase and going to war in Kuwait.

The Prime Minister, in his recent comments about balancing the budget before the next election, also appears to agree with PBO and not his Minister of Finance..

Balancing the budget in every year would mean that governments would be forced to increase taxes and cut spending in downturns, and to do the opposite when the economy is growing quickly.

While the government continues to invest in jobs and priority services, it will make responsible spending decisions to support balancing the budget.

«Our government is committed to balancing the budget in 2015 — period,» he said, adding that «maintaining a sound fiscal position» is the most important thing this government, or any, can do to help the economy.

TORONTO — Fitch Ratings downgraded Ontario's long - term debt rating Friday, highlighting «risks» on the path to the Liberal government's target of balancing the budget by 2017 - 18.

While tales of old are no substitute for new victories and a lack of focus on the American market is a concern, manufacturers did quite well — especially given that we have a government devoted to balancing the budget.

«Balancing the budget is a political imperative not an economic one,» he said.

Song Seng Wun, economist at CIMB Private Banking, discusses the Malaysian government's tough task: balancing its budget amid slowing global growth.

Although committed to balancing the budget by 2014 — 15, however, the government's long - term plan remains unclear.

As we have promised, our Government remains committed to balancing the budget in 2015.

Not balancing your budget could also generate credit card debt, said McBride.

Net debt as a share of GDP is low (only Saskatchewan and Alberta's are lower), and B.C. has a shot at balancing the budget in 2013 - 14 — along with Saskatchewan, Quebec, and Nova Scotia.

From a fiscal perspective, the argument exists that the tax revenue generated would be significant and would assist in balancing the budget.

After all, crude oil and commodities prices are still so low that plunging resource revenues forced Ottawa to defer its target date for balancing the budget.

Poloz and his deputies were working in the shadow of a prime minister who was committed to balancing the budget.

Simply put, balancing the budget through spending cuts alone will not work.

There is good reason to think the Bank of Canada governor had reservations about former prime minister Stephen Harper's obsession with balancing the budget.

Ontario has set out a target to balance the budget within a few years, as has Quebec, whose debt burden is slightly heavier.

found in the Federal Balanced Budget Act.

Ask not whether PM - hopefuls plan to balance the budget, but how they will deal with revenue shortfalls

Breaking with Ottawa's decades - long obsession with balanced budgets became a key point of differentiation

April 30 - A state of Michigan board voted on Monday to end active oversight of Detroit's finances after the city managed to balance its budgets since exiting bankruptcy in 2014..

The PQ has laid out plans to reduce that pesky deficit as well, stating the government would balance the budget by the 2015 - 2016 fiscal year.

The Liberals and the NDP both dismiss the Conservatives» balanced budget law, but the core idea is sound

There is little talk of tax cuts and balanced budgets, items which form the economic lodestar of the Official Opposition; think tanks such as the Fraser Institute, the Macdonald - Laurier Institute, the Atlantic Provinces Economic Council; and almost everyone who writes a column for the Financial Post, including former finance minister Joe Oliver.

He'd eliminate the payroll tax, and he favors a constitutional amendment that would require a balanced budget.

What Oliver should have done was backtrack on Harper's pledge to balance the budget, recognizing that the collapse of oil prices would cause private investment to disintegrate.

He warns us that history is about to repeat itself in Alberta, Ontario, Quebec, and most of the rest of the provinces unless they rediscover the religion of balanced budgets.

Kentucky senator Rand Paul has said he'd seek a balanced budget amendment, and that he'd also shrink spending, limiting it to only what comes in via tax revenue.

While he would have liked to have seen more investor - specific changes — «it's always nice to have more rather than less,» he says — he thinks it's unlikely we'll see any reductions in capital gain taxes or major increases in TFSA room until at least 2015, when the government says it can balance the budget by.

Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil prices to be in order to balance their budgets that have been stretched thin in the price plunge.

Eight months earlier, when a Conservative member of the House of Commons finance committee asked him to comment on the merits of a balanced budget, Poloz demurred.

Harper wants the debate about economic policy to revolve around balanced budgets.

When asked to rate how important it was to run a balanced budget, May said: «In the scheme of things, not very.»

Wave upon wave of higher interest rate costs will crash any attempt to build a balanced budget.

After eight consecutive years of deficits the goal of a balanced budget remains elusive.

The fiscal outlook is a stark contrast to last year, when premier Kathleen Wynne trumpeted the first balanced budget in nine years.

The authors said Trudeau's fiscal stimulus would add 0.5 % to economic growth this year and next, allowing the economy to reach its non-inflationary level of potential output faster than if former prime minister Stephen Harper's obsession with a balanced budget had remained Ottawa's priority.

They elevate the importance of balanced budgets by trying so hard to convince voters that they too would run tight fiscal policy.

One - time events, such as the partial sale of Hydro One, have created the impression that balanced budgets are within reach.