It allowed her to woo NDP supporters who feared a slash - and - burn Tory government, while also exploiting the Conservative plan to cut 100,000 public sector jobs to
balance the budget as an economic apocalypse only she could stop.
As incoming PM Justin Trudeau told the Financial Times «people keep telling me we have made a risky choice in this time when there is this political mantra of
balanced budgets as a way to demonstrate responsible leadership.
We believe Canada must maintain a prudent debt - to - GDP ratio and return to
a balanced budget as soon as possible.
Balanced budgets are wishful thinking and the Finance Minister should drop
balanced budgets as a fiscal anchor.
Stung by the expiration of federal aid intended to help states
balance budgets as they seek to recover from the recession that began in 2008, the final budget is also expected to include another cut in local aid to cities and towns and to call for reduced growth in the rate of spending on education and health care, although special education is one of the few areas in which significant investments appear imminent.
The jobs were axed as part of more than 300 layoffs to help the county
balance its budget as it struggles to rein in a looming $ 500 million deficit.
During the 2010 - 11 school year, the adjustment was a $ 2.7 billion cut to state education spending to
balance the budget as the state emerged from a recession.
Local authorities are struggling to
balance their budgets as this decade of masochistic fiscal anorexia wears on.
Under Labour, the Civil Service never had to worry about
balancing budgets as more money would be magically on its way.
Eliminate Keynesian idiocy, and manage the economy sensibly,
balancing the budget as a normal matter, and don't use government or central bank policy to moderate it, because that only creates liquidity traps like the one we are in.
A typical course shows you how to build and
balance a budget as well as how to use cash properly.
* These are listed for recreational purposes only, and should not be considered by politicians desperately trying to
balance a budget as sound fiscal policy.
Not exact matches
Ontario has set out a target to
balance the
budget within a few years,
as has Quebec, whose debt burden is slightly heavier.
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.
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.
One - time events, such
as the partial sale of Hydro One, have created the impression that
balanced budgets are within reach.
Budget 2015 left very little margin for error when it came to
balancing the books, with a projected surplus of $ 1.4 billion plus an additional $ 1.0 billion
as a contingency reserve, giving the federal government a $ 2.4 billion margin for error.
The IMF was once a reliable ally of policymakers who see
balanced budgets and lower taxes
as the answer to every economic problem.
However, the party excludes this entirely from their
balanced budget plan, which starts with the 2014 Liberal
budget as a baseline for their forecast revenue:
«In my view, the time is now for Congress to create an authority that would have
as its goals both achieving financial stability and a
balanced budget for the island,» Williams said, according to the Times.
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.
He favors passing a
balanced budget amendment,
as well
as giving Congress audit authority over the Federal Reserve.
Republican Presidents, including Trump, have promised to
balance future
budgets with gigantic reductions in discretionary spending, a category that includes both outlays for defense, and all other areas that are voted each year (
as opposed to entitlements that provide benefits guided by a fixed formula).
Another beneficiary of the Tea Party wave, Mulvaney serves on the
Budget Committee, and earned conservative cred
as a co-author of the Republican «Cut, Cap and
Balance» legislation.
Legislators in a handful of oil - rich states are struggling to do the seemingly impossible
as the 2016 fiscal year draws to a close this week:
balancing their
budgets,
as required by law, despite massive declines in revenues due to falling oil prices.
We're now approaching the end of that «next term,» and the
budget is pretty close to being
balanced, so we're now seeing increased attention to TFSAs
as we get closer to the 2015 federal
budget.
When Liberal Leader Justin Trudeau made comments about the
budget being able to
balance itself if economic growth were higher, I paid little attention,
as Canada's
budget deficit is relatively small and I have heard many others make this claim.
As we have promised, our Government remains committed to
balancing the
budget in 2015.
Malaysia's
budget due at 4 p.m. local time (0800 GMT) may be the toughest yet for embattled Prime Minister Najib Razak
as he struggles to
balance declining oil revenues, spending priorities and a growing political scandal.
Any money you have leftover in your
budget for extra payments,
as well
as any windfalls, should be directed to that highest - interest
balance.
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.
These include publishing: • Historical estimates and medium - term projections of the economy's potential GDP,
as well
as the methodology and assumptions used; • Medium - term projections of the Government's structural, or cyclically - adjusted
budget balance as well
as the methodology and assumptions used; • The assumptions, projections and methods to translate the private sector economic forecasts into its fiscal forecasts; and • The fiscal sustainability analyses of the provincial - territorial government sector that it prepared.
The Update incorporates the October average private sector economic forecasts and an increased «adjustment for risk» for 2011 - 12 to 2013 - 14,
as well as an increase in employment insurance rates of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation As a result, the balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»
as well
as an increase in employment insurance rates of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation As a result, the balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»
as an increase in employment insurance rates of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation
As a result, the balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»
As a result, the
balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»).
But Jim Prentice got that backwards, and this is how we got the Alberta NDP,
as it appears today: afraid to trim spending, unlikely to raise taxes further, and hoping that a gradually recovering economy can
balance the
budget eight years from now.
As we said above the
budget balance is the difference between two very large numbers.
In the March 2012
Budget, the Department of Finance would have used their more optimistic estimates for 2011 - 12
as the base for forecasting revenues and the resulting budgetary
balance to 2016 - 17.
These measures would be in effect until such time
as the
budget reports a
balance.
The Fraser Institute has raised valid concerns about the Government's ability to achieve a
balanced budget in 2016 - 17
as forecast by the Minister of Finance, or by 2015 - 16
as forecast by the Prime Minister..
As we have indicated, the achievement of a
balanced budget in 2015 - 16 is not an economic or fiscal imperative, although the Government has made it a political imperative.
As a result, the impact of capital spending on the budgetary
balance is spread out over its economic life, thereby minimizing its impact on the
budget balance.
I think we will get some version of the so - called penny plan to reduce spending
as well (penny plan = hold flat nominal discretionary spending, or reduce it or 1 % each year until the
budget is
balanced).
Initially sold
as a bonus to Canadians for
balancing the federal
budget, the Conservative Party is now touting the benefit cheques
as tonic for a suddenly sputtering economy and
as a job - creation plan The government is now touting their recently enhanced universal child - care benefit
as tonic for a faltering economy and
as a job - creation plan.
Initially sold
as a bonus to Canadians for
balancing the federal
budget, the government is now touting the benefit cheques
as tonic for a suddenly sputtering economy and
as a job - creation plan.
On
balance, budgetary revenues increased by 2.2 % on a year - over-year basis, compared to a 4.3 % increase in the March 2013
Budget forecast for the year
as a whole.
On
balance, budgetary revenues increased by 4.3 % on a year - over-year basis, bang on the March 2013
Budget forecast for the year
as a whole.
As a result, there is a very likely that a
balanced budget or even a surplus will be recorded in 2014 - 15.
As such, looking only at 2014 - 15, a
balanced budget or surplus is a very distinct possibility.
For state and local governments, the statutory requirements for
balanced budgets meant that fiscal policies turned restrictive relatively quickly once
budget surpluses and rainy day funds were exhausted, and this was only temporarily mitigated by federal transfers to the states
as part of the initial fiscal stimulus program.
As we approach
Budget Day 2011, private sector forecasters are starting to release their projections of the federal budgetary
balance.
Because,
as Mike Moffatt pointed out, it makes this a statutory recession, thanks to
balanced budget legislation.