Sentences with phrase «budget reduction in»

Certainly, when put into the context of the overall budget reduction in capital spending of 12 %, the cut in science's budget does not seem severe.

Assessing options and scenarios to proactively address potential significant additional budget reductions in 2011, including one of several options listed in the current Erie County Four Year Financial Plan to balance projected funding gaps that would reduce the Library's 2011 allocation by a further 10 % ($ 2.2 million); and

To make up for a federal deficit of more than $ 400 billion, the White House has ordered most civilian research agencies to prepare for major budget reductions in the 2006 budget, including cuts for the National Institutes of Health and the National Science Foundation.

A recent report by the Communities and Local Government Select Committee on Public Parks cited that 92 per cent of local authority parks have experienced budget reductions in the past three years and 95 per cent of parks managers expect further reductions in the next three years.

Not exact matches

While he would have liked to have seen more investor - specific changes — «it's always nice to have more rather than less,» he says — he thinks it's unlikely we'll see any reductions in capital gain taxes or major increases in TFSA room until at least 2015, when the government says it can balance the budget by.

It's a politically popular path: In a poll released last April, the Pew Research Center asked voters whether they supported spending reductions to 14 specific budget areas.

Republicans struck on a Congressional Budget Office (CBO) report that projected that Obamacare would lead to a reduction of 2.5 million full - time equivalent jobs in the workforce.

Republican Presidents, including Trump, have promised to balance future budgets with gigantic reductions in discretionary spending, a category that includes both outlays for defense, and all other areas that are voted each year (as opposed to entitlements that provide benefits guided by a fixed formula).

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.

If that $ 3.2 billion was significantly lower than what DoD normally gets for submarines, it would take seven years for the full effect of those budget reductions to show in the real economy.

In the last federal budget, Natural Resources Canada was allocated $ 2.5 million over the next two years to study regional clean energy cooperation, with the aim of identifying «the most promising electricity infrastructure projects with the potential to achieve significant greenhouse gas reductions.»

The forecast also reflects the ongoing impacts of measures announced in the 2012 Budget to freeze the Business Education Tax reduction plan.

[105] On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in 2010.

Countries experiencing the biggest reductions in expected growth include Brazil and India, whose economies have cooled this year; newly industrialized Asian economies, like Korea and Singapore, hit by a broader global slowdown; and Britain, struck by austerity budgeting.

Only if the Government fully realizes its savings from the Debt Reduction Plan Savings Target would the budget be balanced in 2015 - 16, but just.

Using the sensitivity analysis provided by the Department of Finance in the April Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015budget balance of approximately $ 2.5 billion in 2015 - 16.

We're seeing a lot of proposals in Congress that aren't accompanied by a lot of thought or analysis of what impact a deep cut in travel budgets could have,» such as a reduction in services for taxpayers and for veterans, and fewer job - related conferences.

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 required administrative savings will, therefore, result in an offsetting reduction in the lapse adjustment, which the Department of Finance did not take into account in Budget 2010.

In fact, the Liberal government eventually implemented the largest income tax (personal and corporate) reduction in Canadian history in the 2001 budgeIn fact, the Liberal government eventually implemented the largest income tax (personal and corporate) reduction in Canadian history in the 2001 budgein Canadian history in the 2001 budgein the 2001 budget.

There is no doubt that the expenditure reductions undertaken in the 1995 Budget were critical to building credibility and in restoring market confidence in the federal government's commitment to address the fiscal situation.

Since your government is committed to reducing taxes, why not start in the 2015 budget with a broader and deeper reduction in the EI rate?

Lesson # 4: «What is clear and critical for understanding the current situation is that a balanced budget was (NOT) achieved almost entirely through reductions in spending» (NOT) added by authors.

As tabled, the budget had only planned $ 3 billion in debt reduction, plus another $ 300 million in «remaining surplus».

Despite the unforeseen fall in oil prices in 2014, the Conservative government, with a lot of slight of hand (reduction in contingency reserve, selling GM shares at fire sale prices, optimistic economic and oil price assumptions), produced a budget that financed all of its pre-election promises, while still leaving a surplus of $ 1.4 billion in 2015 - 16 rising to $ 4.8 billion in 2019 - 20.

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.

Part of this reduction could be due to the measures announced in the March 2012 Budget while part may also be attributable to the expenditure reductions announced in previous budgets.

This led to an equivalent reduction in program spending, which became the single, most important «restraint «measure in the budget.

In fact, many of the descriptions are not related to the planned reductions at all, but rather to how much more money the Government has provided in past budgetIn fact, many of the descriptions are not related to the planned reductions at all, but rather to how much more money the Government has provided in past budgetin past budgets.

Ironically, the day prior to Mr. Flaherty's budget, his Conservative counterpart in the UK, Chancellor of the Exchequer George Osborne, brought down a budget that bore many similarities to Canada's, such as its preoccupation with deficit and debt reduction.

The required administrative savings will, therefore, result in an offsetting reduction in the lapse adjustment, which the Department of Finance did not take into account in either the 2010 or 2011 Budgets.

According to the Parliamentary Budget Officer, the reduction in the escalator was a major factor in the federal government achieving a sustainable fiscal framework.

The remaining $ 41 billion is in future budget outlays, unless congress or the president tinker with the reduction further.

In their November 2011 Update, PBO did not include the spending reductions proposed in the 2010 budget, associated with the two - year departmental operating budget freeze, claiming that the Government had not provided enough detaiIn their November 2011 Update, PBO did not include the spending reductions proposed in the 2010 budget, associated with the two - year departmental operating budget freeze, claiming that the Government had not provided enough detaiin the 2010 budget, associated with the two - year departmental operating budget freeze, claiming that the Government had not provided enough detail.

The only thing the 2011 budget will likely be remembered for is that it may trigger an excuse to call an election, because of a 1.5 percentage point reduction in the corporate tax rate; a trivial economic reason, but, for some, an important political reason.

Even if all of the spending and tax - reduction measures announced in the 2015 budget were cancelled — and no opposition party has yet gone so far as to promise that — that still would not be enough revenue to prevent a return to deficit.

A reduction in the middle - income tax bracket As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22 % to 20.5 %, starting this year.

The Government's business rate changes in last November's budget were appreciated, but in the current environment, SMEs would welcome more incentives to address skills shortages or further tax reductions.»

The reductions are in the order of 12 % of a $ 20 billion budget.

Opinion: The B.C. NDP's changes in the budget update still fall short of what is needed for the province to meet its emissions reduction targets

The bailout extension deal does away with further «reductions in salaries and pensions, with measures that lead to recession and with exaggerated (primary budget) surplus (targets),» the prime minister said.

The Saskatchewan Party government announced a 3.5 % wage reduction to public sector employee compensation in last year's budget, amounting to a projected savings of $ 250 million, but that plan does not appear in this year's budget.

«A reduction in gas prices and grocery deflation will help customers stretch their budgets, but they're still trying to absorb a 2 % payroll tax cut, uncertainty over Washington, and a lack of clarity around personal health care costs that are all headwinds,» Mr. Simon said.

The planned Departmental savings in Budget 2012 consist of two major components — «reductions in departmental spending» and «updating defence capital funding».

Within budgetary revenues, personal income taxes were virtually unchanged, as gains in employment income subject to tax were offset the impact of the Budget 2016 tax reductions.

This been accomplished in several ways: 85 % have scaled back on their exploration and development plans; 68 % have reduced their marketing and investor relations budget; 60 % have already begun laying off existing employees; 40 % have implemented organization - wide hiring restrictions; 34 % noted a reduction or elimination of incentive pay; and 32 % have made salary cuts.

The 37 tariff reductions on sporting equipment and baby clothes in Budget 2013 received a great deal of attention.

The reduction in spending on the environment began before the budget of 2012, and will continue after 2015 according to the latest budgetary estimates provided by the departments and agencies concerned.

The budget calls for tax reform that largely mirrors the House GOP's «Better Way» plan, though it does not mention much of the aspects that would pay for the changes in «Better Way» or other ways to make up for the revenue loss from the rate reductions it calls for.

The required reduction in 2017 - 18 is larger than the one - year cumulative restraint measures introduced since the March 2010 Budget.