Sentences with phrase «between budget estimates»

The difference between budget estimates and actual income and spending is called the variance.
The above two accounting differences explain about $ 30 billion of the difference between the Budget estimates of spending and those in the Main Estimates.

Not exact matches

But an analysis by the non-partisan Congressional Budget Office estimates that the tax credits could lower the cost of insuring employees by between eight and 11 percent.
In the end, Athens» budget was estimated between $ 10 billion and $ 15 billion, while Beijing's expenses totalled $ 40 billion.
Metzger's estimates suggest that, spread over three decades, the project would cost between 3 - 12 % of NASA's current budget annually, though the plan also depends on investment from private space operators.
The parliamentary budget office estimates spending to date has boosted the economy by 0.1 per cent in each fiscal year and added between 9,600 and 11,100 jobs over the last 12 months.
Askari noted the discrepancy between the estimates is mostly due to the fact the PBO used a higher projected interest rate for its calculation than the budget predicted.
The Main Estimates would provide reconciliation between the Budget expenditure estimates for the upcoming fiscal year and the Main Estimates for Estimates would provide reconciliation between the Budget expenditure estimates for the upcoming fiscal year and the Main Estimates for estimates for the upcoming fiscal year and the Main Estimates for Estimates for the year.
Before attempting to reconcile the Estimates to Budget, there needs to be a reconciliation between the Estimates granted during the fiscal year to what was actually used.
The Government used to publish a reconciliation between the Estimates and Budget.
With the upcoming tabling of the 2013 Budget, there will again be major differences between the Main Estimates and the Budget for total spending.
This is legitimate, so there will always be some difference between the Budget and the Main Estimates.
However, regardless of any changes made, a detailed reconciliation of the differences between the Estimates and the Budget is essential.
As noted above, the Estimates for 2013 - 14 do not include any Supplementary Estimates, which should reduce the difference between the Budget / final results and Estimates for that fiscal year.
This note focuses on the changes between the estimates presented in the January 2009 Budget and the Seventh Report (Table 1).
We, along with others, have argued for more consistency between the Estimates and the Budget, but to no avail.
And, since the 2007 Budget, no reconciliation between the Estimates and Budget numbers has been provided.
We have documented the differences between the Main Estimates and Budget / Update in previous blogs (1) and have encouraged the Government to take steps to make the Estimates more comparable in concept and coverage to the Budget / Update and to provide reconciliations of any remaining differences.
The issue here is the relationship between the Budget and the Main Estimates.
It is doubtful that the recent classification changes announced by the Department of Finance will be reflected in the Main Estimates, thereby increasing the confusion between spending in the Main Estimates and in the Budget and related documents.
We believe that some of the differences can be resolved quite quickly and would eliminate much of the confusion between the Estimates and the Budget.
In previous blogs, we have detailed the differences in concepts and coverage between Budget expenses and Main Estimates spending.
This reduces the difference between the Main Estimates and Public Accounts / Budget / Updates.
It is also recommend that the Minister of Finance provide a detailed reconciliation in the upcoming budget on the differences between the Estimates and the Bbudget on the differences between the Estimates and the BudgetBudget.
This will improve transparency between the Estimates and the Budget and lead to a better understanding by Parliamentarians and Canadians on how much the government intends to spend in the upcoming fiscal year.
The current government has provided few reconciliations between the Budget spending projections and Main Estimates and none between the fall update projections and the Main Estimates..
The single largest «restraint» measure «not» announced in Budget 2013 was an increase in the «lapse», which resulted in an estimated «savings» of between $ 2 to $ 3 billion (1) per year.
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.
When Budget 2014 was tabled before Main Estimates 2014 - 15, we were naively hoping that the President of the Treasury Board would provide a detailed reconciliation between spending in the Main Estimates and spending in the Budget for 2014 - 15.
The bipartisan, Washington, D.C. - based Committee for a Responsible Federal Budget (CRFB) estimates that Trump's plan could add between $ 3 trillion and $ 7 trillion to the federal debt over the next decade, stating emphatically that «America can't afford» it.
This week the Congressional Budget Office (CBO) said it estimated the deficit to surge over $ 1 trillion this year and average $ 1.2 trillion each subsequent year between 2019 and 2028, for a total of $ 12.4 trillion.
As noted above, most of the difference between the Budget and the Estimates relates to differences in scope.
A major source of confusion between the spending numbers included in the Estimates and those in the Budget relates to the differences in the scope and accounting methods used in the two series.
Table 4 summarizes the differences between the Estimates for 2010 - 11 and those for 2011 - 12 tabled to date and the June 2011 Budget expense projections for the same years.
This note has attempted to reconcile the differences between the Estimates and June 2011 Budget projections for both 2010 - 11 and 2011 - 12.
For 2011 - 12, the difference between the Estimates tabled to date and the June 2011 Budget projections for total expenses is $ 28.6 billion, an extremely large difference in historical terms.
Parliamentarians and the public are currently in the dark about the relationship between the Estimates and the Budget spending / expense projections.
What is even more puzzling is that while the President of the Treasury Board claims control over spending by pointing to the decline in the Estimates of $ 10.4 billion, or 4 per cent, the June 2011 Budget shows an increase of $ 9.7 billion, or 3.6 per cent, in expenses between 2010 - 11 and 2011 - 12.
This results in a difference of about $ 2.5 billion between the accrual budget projections and the cash - based Estimates.
The Update also included a large number of spending initiatives (about $ 10 billion over six years), thereby ensuring that these initiatives would be included in Main Estimates for 2018 - 19 as part of efforts to increase transparency and accountability between the budget expenses and the Main Estimates expenditures.
As a result, the final deficit outcome for 2010 - 11 could be between $ 3 and $ 6 billion lower - than - estimated in the March 2011 Budget.
By not reconciling the Estimates to the June 2011 Budget, Parliamentarians are left in the dark about the relationship between these two estimates for spending for 2Estimates to the June 2011 Budget, Parliamentarians are left in the dark about the relationship between these two estimates for spending for 2estimates for spending for 2011 - 12.
This would eliminate almost 90 per cent of the difference between the Estimates and the Budget.
Yet one knows how much future Supplementary Estimates for 2011 - 12 will increased the Estimates for 2011 - 12, especially given the large difference in the relationship between the Estimates and the Budget for 2011 - 12.
Unfortunately, these improvements were not mirrored by changes in the way spending in the Estimates is presented and this has made comparisons to the Budget more and more difficult and the relationship between the two less relevant.
No reconciliation between the Main Estimates spending number and the budget forecast was provided.
The Committee for a Responsible Federal Budget estimates that expiring the individual tax cuts in the bill hides between $ 570 billion and $ 725 billion of potential costs.
Having the same universe for both the Budget and the Estimates would eliminate most of the difference between the two sets of spending numbers.
The estimated budget for the new carrier runs between $ 4 billion and $ 10 billion.
The present inconsistencies between the Estimates, Public Accounts and Budget is confusing and misleading to Parliamentarians, financial commentators and the public at large.
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