Sentences with phrase «budget deficits as»

Public pension crisis: States across the country face structural budget deficits as a result of too - generous pension promises made to their employees.

Like other Upstate cities, Syracuse faces budget deficits as the cost of pensions and health care climb and tax revenues remain flat.

«In contrast, David Weprin closed multi-billion budget deficits as chair of the NYC Council Finance Committee.

Newspapers across the country have highlighted layoffs, delays in new projects, and provincial budget deficits as oil sands producers and liquefied natural gas (LNG) export proponents cut costs to...

Republicans are demanding spending cuts to reduce the budget deficit as the price for supporting an increase in the debt ceiling.

The $ 6.2 billion cost to the federal government will not add to the budget deficit as it will be counted as a cash - for - asset transfer, in the same way as the national broadband network.

This week's The Economist magazine had an interesting article — well several actually - but one in particular that points out that when countries try to cut their budget deficit as a % of GDP by 1 %, they usually find that GDP contracts by half a % as a consequence.

Cox contends Cuomo should be spending time in Albany, working with lawmakers on a potential budget deficit as well as other issues.

New York faces a budget deficit as high as $ 3.5 billion for the coming 2012 - 13 fiscal year, which begins April 1.

When the NPP handed over to the Atta Mills administration, the budget deficit as a percentage of GDP stood at about 14 %.

According to the Press, Inzelbuch said that «a lack of discussion did not mean apathy on the part of the board» and cited «low student test scores and a budget deficit as cause for the failing scores on the QSAC review.»

California is facing a huge budget deficit as it is, something like $ 35 billion, and a multibillion dollar suit against CARB is the last thing the state needs — especially one that the Renewable Fuels Association and Growth Energy are likely to win.

Not exact matches

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.

Deficit will be President Donald Trump's legacy, financial strategists are warning as the U.S. budget expands to accommodate the government's spending plan.

The economy is really being supported — this isn't just in the United States, it's in Japan, the ECB and Britain — the economy is being supported by quantitative easing that is allowing for a massive budget deficit and money printing exercises to go on... As you address the fiscal problems, you are going to have weak economic growth.

In a recent speech to the Empire Club of Canada, Manley recalled that, while serving as industry minister, he had his departmental budget cut by 50 % as the government struggled to eliminate a close to $ 40 - billion deficit.

After some early, desultory efforts, Martin found his footing and reeled out a handful of budgets built around themes such as deficit fighting, education, innovation and tax reduction that set the country on sound fiscal footing and gave it political direction and policy focus for the better part of a decade.

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.

WASHINGTON, Nov 29 - Congressional Republicans scrambled on Wednesday to reformulate their tax bill to satisfy lawmakers worried about how much it would balloon the U.S. budget deficit, as the measure moved toward a decisive U.S. Senate floor vote later this week.

If various personal deductions were eliminated as the plan proposes, it could still leave a $ 2.2 trillion addition to the deficit over 10 years, according to the analysis from the Committee for a Responsible Federal Budget.

He also sits on the Board of Directors, and in May 2015 he made a donation of $ 133,000 to the foundation to make up for funding it had lost as a part of the austerity measures put in place by Governor Bruce Rauner to address the state's $ 1.5 billion budget deficit.

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.

He sees additional near - term corrections gripping stocks as the budget deficit exposes more vulnerabilities to the United States» capacity to do business.

Technical factors such as increasing U.S. Treasury bill issuance - the result of a surging budget deficit - are adding to the factors pulling short - term yields higher and making the short end look more attractive.

The deficit for the current fiscal year that ends in two weeks is projected to be $ 25.9 billion — exactly as forecast in the fall fiscal update but up significantly from the $ 21.1 billion posited by Flaherty in last March's budget.

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.

As talk about the economy has largely focused on tax cuts, the U.S. budget deficit and the potential for trade tariffs, one of the biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.

Were Congress to waive the Pay - As - You - Go rules now and deficit - finance the AMT patch, lawmakers would merely be rewarding the budget gimmickry of 2001.

As reported in the Annual Financial Report for fiscal year 2011 - 12, the deficit for In 2011 - 12 was $ 1.4 billion higher than estimated in the March 2012 Budget.

It is probably no coincidence that the release was on the same day as the release of the Parliamentary Budget Officer's «An Update of the Budget 2015 Fiscal Outlook», which forecasts a deficit of $ 1.0 billion for 2015 - 16.

However, a budget deficit that takes the form of transfer payments to banks, as in the case of the post-September 2008 bank bailout, the Federal Reserve's $ 2 trillion in cash - for - trash financial swaps and the $ 700 billion QE2 credit creation by the Federal Reserve to lend to banks at 0.25 % interest in 2011, has a different effect from deficits that reflect social spending programs, Social Security and Medicare, public infrastructure investment or the purchase of other goods and services.

The Parliamentary Budget Office has been warning that the federal government has been running a «structural deficit» for several years now, and the Conservative government has been dismissing those warnings for just as long.

For example, if, as expected, the final audited deficit outcome for 2011 - 12 is lower than that estimated in the March 2012 Budget, some, if not all, of this improvement could carry forward into 2012 - 13, thereby resulting in a lower outcome that currently estimated.

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»).

The key risk to the 2018 Budget deficit forecast of $ 19.4 billion for the year as a whole is personal income tax revenues.

However, as noted below, we feel the deficit for 2011 - 12 could come in lower than expected, despite the slowdown in the economy as program expenses were overstated in the June 2011 Budget.

The Parliamentary Budget Officer, in his latest Economic and Fiscal Update, stated that the deficit outcome for 2013 - 14 could be as low as $ 11.6 billion.

As a result of actions taken in the 1995 and 1996 budgets, and strong global growth, the deficit was eliminated by 1997 - 98, much earlier than everyone expected.

As written, it is almost guaranteed to increase the budget deficit by trillions over 10 years, and quite possibly keep increasing the deficit after 10 years are up.

As a result, in order to ensure that the deficit / surplus target can be met, most governments include «reserves «in their budget plans.

Past achievements include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.

The $ 330 - billion spending plan says while several economic indicators such as employment numbers and tax revenues are up, and this year's deficit will likely be lower than expected — there are risks ahead: oil prices are expected to remain low; Canadian exports may remain flat; and «possible U.S. policy actions affecting trade could restrain exports to the U.S. even further,» the budget says.

The Senate budget resolution calls for significant deficit reduction that would put debt as a share of GDP on a downward path, but the most likely part of the budget to be acted on would widen deficits even further.

One - eighth of this total, or $ 178 billion, comes from the macroeconomic effects of the budget's deficit reduction, as estimated by the Congressional Budget Obudget's deficit reduction, as estimated by the Congressional Budget OBudget Office.

As noted above, the higher - than - expected deficit outcome for 2011 - 12, compared to the March 2012 Budget forecast, was entirely due to lower - than - expected revenues.

If the deficit is due to an economic recession, defined as two consecutive quarters of negative growth in real gross domestic product, or to «extraordinary events», such as a natural disaster or war, that results in an «cost» of more than $ 3 billion, then the operating budgets of departments and agencies would be automatically frozen to pay for any wage increases.

The federal government recorded a budget deficit of $ 215.2 billion in February, up significantly from a year ago as the impact of the GOP tax cuts passed in December begin to surface.

But if that path is taken the actions needed to reduce the one trillion dollar budget deficit will become as much a yoke around its economy as the PIGS deficits are on their economies.

She called on the government to clearly outline the impacts on jobs and services of any potential cuts in Thursday's budget, as the Conservatives chip away at an estimated $ 26 - billion deficit.