Sentences with phrase «budget deficit under»

The economy is only now recovering from bad times, and there is great pressure to get the federal budget deficit under control.

So the government is stuck between the rock of boosting its spending for 11MP goals and the hard place of keeping its budget deficit under control amid declining oil revenue.

Not exact matches

It also requires the Spanish government to present by the end of this month plans to reduce its budget deficit to under 3 percent of the country's gross domestic product by 2014.

The CBO report says that that the twin tax and spending bills will push the budget deficit to $ 804 billion this year and just under $ 1 trillion for the upcoming budget year.

The bill can not increase total deficits in the years beyond the CBO's 10 - year budget window, over and above the forecasts under current law.

The Associated Press reports Republicans are not expected to actively seek Democratic support for the legislation because they're hoping to work under a budget rule that would allow them to clear it as long as it didn't add to the deficit.

South Africa also suffered a sovereign debt rating downgrade from Moody's last month as the economy comes under pressure from energy shortages, unrest at platinum mines and a soaring budget deficit.

The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public — which has more than doubled relative to the size of the economy since 2007 — and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass.

This is the same strategy then - President George W. Bush used to pass his tax cuts under budget reconciliation in 2001, essentially getting around the Byrd deficit restriction by making the tax cuts temporary.

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

But the city is also struggling with a budget deficit that may require firing hundreds of public employees to bring it under control.

Posted by Armine Yalnizyan under budgets, Conservative government, deficits, federalism, fiscal federalism, global crisis, housing, IMF, income distribution, income tax, inequality, macroeconomics, OECD, public infrastructure, Role of government, StatCan, stimulus, taxation, TFSA, World Bank.

Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.

Posted by Nick Falvo under banks, budgets, capitalism, debt, deficits, deflation, democracy, economic crisis, economic history, Europe, exchange rates, financial crisis, Greece, IMF, inflation, monetary policy, recession, taxation, unemployment, wages.

Posted by Nick Falvo under Bank of Canada, budgets, China, Conservative government, deficits, economic crisis, economic growth, employment, exchange rates, federal budget, fiscal policy, global crisis, household debt, IMF, interest rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.

Posted by Nick Falvo under aboriginal peoples, Austerity, budgets, Child Care, corporate income tax, debt, deficits, economic growth, economic models, economic thought, employment, fiscal policy, health care, income, income distribution, income support, income tax, Indigenous people, inequality, NEO-LIBERAL POLICIES, population aging, post-secondary education, poverty, public infrastructure, public services, Saskatchewan, social policy, taxation, unemployment.

Posted by Armine Yalnizyan under budgets, Conservative government, corporate income tax, deficits, investment, Jack Mintz, public infrastructure, stimulus, taxation.

Under Bill C - 59, if the Minister of Finance tables a budget that projects a deficit or if a deficit is reported at the end of the fiscal year, the Minister must appear before the House of Commons Finance Committee within the first 30 days of the House of Commons sitting to explain the reasons for the deficit and present a plan for a return to balanced budgets.

The March 2011 Budget implies no increase in rates in 2015 whereas PBO assumes an increase of 10 cents as mandated under current legislation when the employment insurance account is in deficit.

Under the House budget, the deficit would fall from 3.6 percent of GDP in 2017 to 0.2 percent, or about $ 40 billion, by 2027.

These large Rust - Belt metropolitan areas are collapsing under the weight massive budget deficits and catastrophically underfunded public employee pension funds.

Posted by Nick Falvo under Bank of Canada, banks, budgets, Conservative government, consumers, deficits, economic growth, economic models, economic thought, employment, Europe, exchange rates, federal budget, fiscal policy, household debt, housing, inflation, interest rates, monetary policy, oil and gas, prices, Role of government, social indicators, tar sands, US.

Posted by Arun DuBois under budgets, debt, deficits, economic history, Europe, fiscal policy, inflation, monetary policy.

However, reducing the government's budget deficit is near impossible under the new GOP tax reform bill.

Posted by Marc Lee under budgets, debt, deficits, federal budget, macroeconomics, public services, Role of government, stimulus, taxation, US.

Posted by David Macdonald under Austerity, budgets, deficits, economic growth, federal budget.

Posted by David Macdonald under deficits, economic growth, federal budget, public services, unemployment.

Annual deficits under the President's budget would fall from $ 529 billion (2.9 percent of GDP) in 2016 to a low of $ 383 billion (1.9 percent of GDP) by 2018, before rising nearly continuously to $ 972 billion (3.5 percent of GDP) by 2026.

Posted by Nick Falvo under budgets, capitalism, consumers, deficits, economic crisis, economic history, economic models, economic thought, financial crisis, fiscal policy.

The budget deficits were smaller under Carter than Reagan.

Posted by Angella MacEwen under budgets, climate change, deficits, Employment Insurance, federal budget, fiscal policy, labour market.

Finally, provisions in a reconciliation bill that increase the deficit beyond the period covered by the budget resolution are subject to a 60 - vote point of order under the «Byrd rule» unless the costs are offset by savings from other provisions in the bill.

Then finally — as I say, I'm probably leaving something out — there was the decision, which wound up a presidential decision because the people under him were disagreeing, to use the CBO macroeconomic forecast, even after we had done all this work to do our own economic forecast, for one reason: it was more pessimistic than ours, and would therefore make the budget deficit reduction job harder rather than easier.

The district has a $ 300,000 deficit during the current cycle but will probably save some money by coming in under budget, Park District Director Roy Cripe said.

In particular, that's where you would find rules requiring that the budget meet certain requirements under CBO scoring (e.g. no increase in the deficit past ten years).

Obama can say that he reduced the federal budget deficit from 9.8 % of GDP in Fiscal Year 2009 under Bush, to 2.9 % of GDP in FY 2014.

As the others campaign to take his job, the remainder of Mangano's term will feature preparing the 2018 budget under the eye of the county's fiscal oversight board, which has projected that Nassau will end 2017 with a deficit of more than $ 50 million.

The CBO just announced that our annual deficit will be 640 billion this year, which is almost half of what it was under Bush's last budget.

They proposed to cut from the deficit - plagued state budget nearly $ 12 million that would have been handed out in grants to pay candidates» campaign expenses under what's formally called the Citizens» Election Program.

These things do not necessarily affect the real economy but they reflect the fact that we are going through a very difficult time and we are trying to balance the need to get the deficit and the budget under control with the need to get back to economic growth.

Legislator Ilan S. Schoenberger argued strongly for the override, stating that under Vanderhoef's budget the deficit would be increased by $ 12 million because the hospital sale would not occur and proceeds would not be available until at least 2014.

Under Stack's leadership, the board took control of Nassau's finances in January 2011 as the county struggled with budget deficits.

«Nonetheless, we are concerned that consistently over-optimistic GDP growth forecasts have led to over-estimates of tax revenues and hence to under - estimates of the budget deficit and borrowing requirements.

Their own audit of Scotland's public finances confirms they would have struggled from the start with a fiscal crisis under the burden of the highest budget deficit in the western world.

Enacted in 2009, under former Governor David Paterson and a Democratic - led Senate, the G.E.A. was supposed to be a temporary way of offsetting state budget deficits.

Bellone had said the county has made progress with its budget since he came into office four years ago, cutting the county's structural deficit in half while keeping property tax increases under the state's tax cap.

The portion of the budget paid for by state taxpayers will rise just under two percent Despite the one - time windfall, he had to bridge a $ 1.8 billion deficit in the current budget, which he did by counting $ 373 million in additional, not immediately identified revenues as well as cutting $ 92 million from state agencies, booking $ 121 million in savings from «debt management» and cutting $ 1.4 billion from funding for various local assistance programs.

we stayed under the cap (which Day's budget did not), restored most of the Sheriff's positions, restored the services for those in need and will reduce the $ 41 Million (not $ 138 million as touted) deficit by $ 5 million this year.

Due to a legal interpretation of his responsibilities under the Budget Deficit Act he cut all funding to the so - called «Contract Agencies» and cut thirty - seven (37) positions from the Sheriff's Department.

SYRACUSE, N.Y. - The city of Syracuse, which faces budget deficits estimated at $ 23 million a year for the next three years, will get no increase in state aid this year under the budget proposed today by Gov. Andrew Cuomo.