Sentences with phrase «budget deficits from»

This isn't surprising given that the mayor's executive plan itself shows considerable budget deficits from 2020 through 2022 — all during years his administration has projected a growing economy.

Recent lower oil prices have helped Morocco cut those costs and shrink its budget deficit from nearly 5 percent of gross domestic product in 2014 to 4.3 percent this year.

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.

The Council was already facing financial difficulties with a budget deficit from the previous year which had resulted in the appointment of an administrator and the redundancy of a number of skilled community - members (such as trades - people).

Not exact matches

The Ontario Liberal Party, which tabled a budget Wednesday, will not crawl out from deficits until 2024 - 25 — provided the party can stay in power until then.

In his first term, Bush won passage of tax cuts that helped swing the federal budget from surpluses to deficits.

Low rates could also help shrink the federal budget deficit by easing the government's borrowing costs and generating tax revenue from stronger growth, Bernanke argued.

To see this for yourself, I created a surplus / deficit estimator using the sensitivity analysis from the budget.

Thirteen months later, with Canadians staring at a $ 56 - billion crater in the government's finances, the minister got testy with reporters who were asking for his response to a report from the Parliamentary Budget Office that predicted a federal deficit of nearly $ 20 billion in 2013 - 14.

Through a combination of $ 1 billion from the sale of GM shares, a $ 2 billion reduction in the contingency fund and $ 1.8 billion taken out of Employment Insurance (a holdover from Budget 2014), the federal government was able to turn a modest deficit into a $ 1.4 billion surplus.

But without a consensus from the economic community, it would be unwise to risk stamping out the economic recovery by sparking a trade war with China over currency disputes or drastically reducing the budget 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.

Saudi Arabia has projected a budget deficit of 195 billion riyals in 2018, or 7.3 percent of GDP, down from 230 billion riyals last year.

Chafee has a mixed economic record in Rhode Island, raising its sales tax to reduce its budget deficit, and decreasing the state's corporate tax rate to seven percent from nine percent.

U.S. budget: The group expects continued improvement in the federal deficit, which it sees shrinking to $ 460 billion next year from $ 483 billion in fiscal year 2014

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.

Fedosejevs was part of a group of fusion researchers who requested $ 21 million from the Alberta government in 2009 to establish an Alberta - Canada Fusion Energy Institute, but their timing was poor, given that the province was about to announce its first budget deficit in 15 years.

The 2015 budget deficit had to be revised to 3.2 percent of GDP from 3 percent after crude oil prices plunged, but that's down from a high of 6.7 percent in 2009 during the Global Financial Crisis, Maybank noted.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

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 software had generated buzz through word of mouth in ERs across the country, after government officials in Washington, reeling from a budget deficit, threatened in 2011 to limit Medicaid reimbursement to three non-emergency visits per year.

For the government sector, large federal budget deficits are a constraint and fiscal policy is slowly shifting from an expansive policy back toward restraint.

The massive and multifaceted policy responses to the financial crisis and Great Recession — ranging from traditional fiscal stimulus to tools that policymakers invented on the fly — dramatically reduced the severity and length of the meltdown that began in 2008; its effects on jobs, unemployment, and budget deficits; and its lasting impact on today's economy.

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 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»).

The deficit for 2012 - 13 was revised to $ 26.0 billion, up $ 4.9 billion from the March 2012 Budget estimate of $ 21.1 billion.

In your analysis you reject concerns about the macroeconomic impact of budget deficits because, you argue, the United States will be able to attract capital from the global capital market.

But Kathleen Wynne's spending binge next week will press the deficit back up to $ 8 billion dollars from the previous balanced budget — Notley, governing a province three times less populous, has had to (gently) scrape its way to an $ 8.8 - billion shortfall.

However, in August 2011 the long - term sovereign credit rating on the United States of America was downgraded to AA + from AAA by the Standard & Poor's ratings agency, reflecting increasing concerns about the U.S. budget deficit and its future trajectory.

The deficit for 2011 - 12 was revised down slightly to $ 31.0 billion from the June 2011 Budget estimate of $ 32.3 billion.

Unlike the U.S. federal government, most states and cities have constitutions that prevent them from running budget deficits.

Unified deficits (which includes on - and off - budget accounts) would fall from 3.6 percent of GDP ($ 693 billion) in 2017 to 1.7 percent ($ 485 billion) in 2027, excluding economic effects.

The effect of a cash transfer from the Fed to the household sector is almost identical to receiving a tax rebate check, with the added benefit that it causes the budget deficit to fall, not rise (Tax revenues will rise and there has been no increase in government borrowing).

Chula Vista faced a $ 400,000 deficit this fiscal year, but a $ 1.6 million Federal Emergency Management Agency reimbursement from the January 2017 storm helped them balance the budget.

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.

The Senate budget gets most of its net deficit reduction from mandatory spending.

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.

If the deficit is due to «other factors», from those listed above, then again operating budgets would be frozen.

It is worth noting, however, that we believe it is incumbent on the government to keep spending within declared levels, and to appropriately apply any unexpected gains (i.e. from a stronger than forecast GDP growth, higher energy prices, etc.) to the deficit and thus hasten the return to a balanced budget.

In Budget 2013, the Minister of Finance revised down the forecast for the deficit in 2012 - 13 marginally, from $ 26 billion to $ 25.9 billion.

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.

At the same time, however, the enormous increase in government liabilities stemming from an ongoing budget deficit and huge financial rescue efforts is likely to result in normal if not elevated levels of inflation as the economy recovers.

However, there is no evidence that broad - based tax cuts can pay for themselves completely, and economic studies from across the spectrum have found that deficit - financed tax cuts only pay for a fraction of their cost (including from the Congressional Budget Office and other economists).

In the 2012 Budget, the Minister of Finance revised down the deficit forecast for 2011 - 12, from $ 31.0 billion in the November 2011 Economic and Fiscal Update to $ 24.9 billion, of which $ 3 billion was due to the elimination of the «adjustment for risk to revenues».

Similar to the House, the budget assumes $ 1.4 trillion of savings from economic growth, $ 178 billion of which they attribute to CBO's estimate of the economic benefit of deficit reduction.

In the March 2013 Budget, the deficit was expected to decline by $ 7.2 billion for the year as a whole, from $ 25.9 billion to $ 18.7 billion.

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

In the March 2017 Budget, the Minister of Finance lowered his deficit forecast for 2016 - 17 from $ 25.1 billion to $ 23.0 billion.

Hungary's budget deficit was 1.73 trillion forint in 2011, 252 percent of the government's initial year - end target, after the government assumed debt from counties and the state railway company in December, the Economy Ministry said in an e-mailed statement today.

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.