Sentences with phrase «balancing the budget in»

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

After declaring victory over the recession in 2010, Harper set a path to balance the budget in time for the 2015 election.

While a balanced budget in 2013 - 14 is not assured, in the medium run revenues do not appear to raise serious challenges.

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.

Together, these revenue increases are projected to be sufficient to balance the budget in each of the next three years.

By doing these things, we will not only balance the budget in 2015, we will achieve a surplus.

«If you look out into the medium term, the effect is okay so that we can balance the budget in the medium term — and that is around 2014 - 2015 or so, depending on the degree of economic growth,» Flaherty said.

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

«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.

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.

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

The current monthly results, along with the surprising better - than - expected economic growth for the second quarter of 2014, strongly suggest that the federal government will post a surplus in 2014 - 15, one year ahead of their political commitment to balance the budget in 2015 - 16.

(Insert reference) The Minister of Finance, Joe Oliver was completely silent, indicating only that the Government remained on track to a balanced budget in 2015 - 16.

Instead it will continue to make budget decisions based on «optics» while turning itself into a pretzel to show a balanced budget in 2015 - 16.

The imperative is to show, either by hook or by crook, a balanced budget in 2015 - 16.

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.

The Minister of Finance has indicated that additional spending cuts could be forthcoming in order to achieve a balanced budget in 2015 - 16.

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.

In order to show a balanced budget in 2015 - 16, the Government needed to book the sale of the GM shares (net $ 0.9 billion) and changes to federal employees» sick leave entitlements ($ 0.9 billion) in 2015 - 16.

Mr. Mulcaire has stated that he is committed to producing a balanced budget in 2016 - 17.

Minister Flaherty's commitment to balance the budget in 2015 - 16 is seriously at risk because of this adjustment.

Mr. Harper has been so successful in promoting this fear that both the Liberals and the NDP have committed to balanced budgets in their election platforms.

New initiatives that would require on - going funding would mean either a higher deficit track and no balanced budget in 2015 - 16 or new expenditure cuts to pay for the new initiatives.

The reality is that you will not balance the budget in 2019 - 20 without cutting spending and / or raising taxes.

The freeze in departmental operating budgets, therefore, is not about achieving a balanced budget in 2015 - 16, but rather about demonstrating to its political base that it remains committed to reducing the size of government

The PBO forecast, including a contingency reserve, shows a balanced budget in 2015 - 16, followed by deficits of $ 16.5 billion, $ 19.4 billion, $ 17.1 billion, and $ 14.2 billion in each of the following years.

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.

Shouldn't he at least consider the recommendation of the International Monetary Fund in its October review of Canada, that «there is room to delay the adjustment needed to return to a balanced budget in 2015, if there is no meaningful pick - up in economic growth»?

If the EI premium rate «fix» were not enough, the Finance Department also includes $ 1.2 billion in unrealized asset sales to help achieve a balanced budget in 2015 - 16.

This raises the question of whether the Finance Minister will be able to balance the budget in 2019 - 20 if the Government attempts to fully implement its election promises.

«If you look out into the medium term, the effect is okay so that we can balance the budget in the medium term — and that is around 2014 - 2015 or so, depending on the degree of economic growth,» Flaherty explained.

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.

Based on our assessment of the proposed expenditure «savings», we believe that the Government will not balance the budget in 2015 - 16, and may have difficulty in achieving a balanced budget by 2016 - 17.

All this was necessary to pay for the Family Tax Cut package while still honouring the Government's commitment of a balanced budget in 2015 - 16.

Moreover, if the only issue that the media and some Canadians are interested in is how the government will live up to its claim that it will balance the budget in 2015 - 16 then this issue can be addressed without a full - fledged budget.

This, along with an overly rosy economic forecast and increased enforcement and compliance by the Canada Revenue Agency were the main factors underlying the government's forecast of a balanced budget in 2015 - 16.

That adjusted forecast projected a surplus of $ 7.2 billion in 2019 - 20, allowing you to claim a balanced budget in 2019 - 20, after incorporating the net impact of your election promises.

If not, then the possibility of a balanced budget in 2014 - 15 and 2015 - 16 would be unlikely.

In his first budget last April, Finance Magician Joe Oliver pulled a handful of rabbits out of his hat to achieve the long - promised balanced budget in 2015 - 16.

This means that over the balance of the current fiscal year, the government only needs to post a surplus of $ 3.3 billion in order to balance the budget in 2014 - 15.

While I'm not persuaded by the argument that Canada needs countercyclical Keynesian deficit spending (I think we're already out of recession), I do know what fiscal policy I would consider worse: arbitrarily cutting spending in a weak economy to balance the budget in light of a revenue shortfall stemming from lower than expected nominal GDP.

We will run modest deficits for three years so that we can invest in growth for the middle class and credibly offer a plan to balance the budget in 2019.

Trump has abandoned his promise to balance the budget in the next decade.

«We remain on track for a balanced budget in 2015,» Rob Nicol, the prime minister's chief spokesman, said in a statement following the release of the parliamentary budget office's report.

To balance the budget in that year, assuming interest costs of $ 42 billion, will mean holding program spending to $ 234 billion.

The government's 2015 election platform originally proposed three years of deficit spending followed by a balanced budget in 2019 - 20.

On the other hand, they set a firm fiscal anchor by saying that they would balance the budget in their fourth year, and reduce the federal debt to GDP ratio from 31 % in 2015 to 27 % in 2019.

As the House and Senate move forward in considering the Fiscal Year (FY) 2018 budget over the next few weeks, the Republican Study Committee (RSC) continues to tout its alternative, which aims to balance the budget in six years and reduce the ten - year deficit by $ 9.1 trillion.

In the current economic environment, severe austerity would be required to achieve a balanced budget in 2019 - 20 and would have serious negative consequences for the economy.