Sentences with phrase «budget surplus spending»

It's one reason why Alexander is confident the $ 10 - billion budget surplus spending the Liberals have promised, won't impact the overall valuations of the Canadian economy.

Not exact matches

Congress was considering how to spend a rapidly accumulating budget surplus.

According to the measures employed by the study's authors, Campbell did an excellent job by containing government spending, lowering taxes and running budget surpluses.

Along with spending and capital contingencies and the planned surplus, the budget had over $ 1 billion of what she characterized as «prudence» and others might call wiggle room.

After inheriting a surplus the government immediately cut the GST by two points, and in doing so created a structural deficit and an unsustainable fiscal situation, which then required significant spending cuts in the 2010, 2011 and 20012 budgets in order to put the federal finances back on a sustainable path.

The new legislative package, agreed on late Sunday, consists of the pension reform and direct and indirect tax reforms, which will allow the government to achieve some 5.4 billion euro spending cuts and to ensure savings to meet a 3.5 percent budget surplus target by 2018.

The Victorian government will deliver a healthy $ 1.4 billion budget surplus on Tuesday with big pre-election spending planned on infrastruct...

The new government wants the troika to lower this requirement of surplus to a balanced budget, freeing up cash for more government spending.

However, as the governor's footnote indicates, the gaps could be turned into surpluses if spending growth continues to average 2 percent a year, as opposed to the nearly 4 percent average increase that would occur if the budget was on autopilot.

Cuomo's fiscal 2017 Executive Budget financial plan projected that, if spending growth was held to the governor's self - imposed limit of 2 percent, the state would have a fiscal 2018 surplus of $ 522 million, dropping to $ 98 million in fiscal 2019 and rebounding to nearly $ 1 billion in fiscal 2020, assuming the expiration of the 8.82 percent top bracket.

Schroeder said the 2017 - 18 budget called for spending $ 10 million from surplus funds, but the city has spent $ 34.5 million in surplus, and has only $ 6.5 million left.

Osborne also said he would slash general departmental spending by a further # 13bn in the first two years of the parliament — enough, alongside growth, to put the overall budget in surplus by 2018.

This will be accomplished with a further # 30 billion of spending cuts with the aim of generating a balanced budget by 2017 - 2018 and a surplus in 2018 - 2019.

Once aboard, Hizzoner — who was joined by a pack of journalists — launched into a diatribe against Cuomo and MTA Chairman Joe Lhota, who last week blamed de Blasio for refusing to spend the city's $ 4 billion - plus budget surplus to fix the subways.

The governor's Division of Budget is estimating surpluses if future spending increases are held at less than 2 percent.

Cuomo in January projected a $ 2 billion surplus by 2016 - 17 — he spoke of achieving this surplus in the present tense — as well as surpluses in coming budget years, as long as the state sticks to a 2 percent cap on spending increases during that time.

An eventual $ 2 billion budget surplus that Cuomo and his aides keep touting will be mostly spent, and is based on unspecified cuts, prompting leading critics to charge the administration is being disingenuous.

Even though the state is running a multi-billion dollar surplus, Gov. Andrew Cuomo's top budget aide is calling on state agency chiefs to submit spending proposals that assume zero growth next year.

On coming to power in 1997, Labour inherited a small PSNCR of around # 5 billion, and in the following years achieved a budget surplus, by sticking to the outgoing Conservatives» parsimonious spending plans until 1999, and by raising # 22.5 billion from the sale of 3G mobile phone spectrum licences.

Meanwhile, the budget office — an arm of the governor's office — says the state is on track for a budget surplus at the end of the 2016 - 17 fiscal year providing a 2 percent limit on spending is maintained.

But the governor and his budget officials believe that if they continue to hold spending to 2 % a year or lower, the state will have an over $ 2 billion dollar surplus in three years, enough to pay for the tax cuts, pre-kindergarten and other programs.

So far, Labour has simply said it would match current government spending plans in 2015 - 16, but has not said if it would seek to eradicate the deficit by 2017 - 18, let alone put the budget into total surplus through the parliament.

But the governor and his budget officials believe that if they continue to hold spending to 2 percent a year or lower, the state will have an over $ 2 billion surplus in three years, enough to pay for the tax cuts, pre kindergarten and other programs.

The UK is now running a surplus of # 3.8 bn in its current budget - the money borrowed to fund day - to - day spending rather than long - term investment - according to the Office for National Statistics figures.

The charts below illustrate the deteriorating fiscal outlook as measured by the traditional budget gaps calculation (showing the growth in next year's gap, from $ 1.8 billion in April plan to $ 4 billion in the July plan) and the governor's alternative measure, assuming spending is held to 2 percent (showing a flip from a $ 692 million «surplus» as of April to an $ 841 million gap as of July).

Osborne has gone a step further than the Liberal Democrats and Labour by swapping his aim of a current budget surplus, which excludes investment spending, to an overall budget balance.

If there was one policy associated with the Tories it was further deep spending and welfare cuts to generate a budget surplus.

According to the governor's budget office, if the voluntary spending cap continues, New York will have a $ 5.7 billion dollar surplus by 2019.

ALBANY — Gov. Andrew M. Cuomo on Wednesday proposed using his first substantial budget surplus to fund a $ 154 billion spending plan that includes a $ 2.1 billion increase in school funding over two years and billions of dollars in legacy - building construction projects.

According to the Executive Budget, the future cost of the credit will be covered with surplus funds generated by the state's adherence to the overall 2 percent cap on spending increases in future years.

However, some budget experts have questioned whether Cuomo's $ 2 billion projected budget surplus is attainable as it relies on capping state spending growth at 2 percent.

The report did not detail how the state budget could accommodate the plan, but speaking to journalists after it was unveiled, Cuomo said, «because we have been cutting costs for the past three years — and we've cut costs dramatically for the last three years... we've brought some fiscal discipline and we believe because we're spending less that we'll have a surplus we can use to cut taxes.»

Clegg has said that from 2017 - 18 the government should start to raise spending and cut taxes, at the same time as taking advantage of a growing economy to increase the size of the current budget surplus.

Cuomo has said the state can amass a $ 500 million budget surplus this coming year if lawmakers agree to limit spending increases to 2 percent.

E.J. McMahon said Gov. Andrew Cuomo's latest budget proposal uses a «magic footnote» to realize the $ 2 billion surplus he touts and spends.

If the $ 1.2 million surplus from prior growth is indeed being spent across the district, it will need to make general budget reductions or «cuts due to declining enrollment.»

Sitting on a $ 1 billion surplus in an operating budget of $ 17.4 billion, the second - term Democrat last week proposed a politically popular 13 percent spending increase for K - 12 education, while also asking the legislature to block scheduled tax hikes.

Spending what may well be a one - time budget surplus on hiring «spells financial disaster for every district in the state,» Snell said.

Malloy claims that his $ 19 billion proposed budget for this coming year includes a $ 22 million surplus and is under the state's constitutional spending cap by $ 8 million.

When the unified budget is not in surplus, these payments are made through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

On the other hand, if I'm frugal with my money and find a way to reduce my monthly food and household spending, that part of my budget is going to have a surplus at the end of the month.

Of course, once you get to the stage where you have your finances in order and everything is under control, budget surpluses can be better spent on investing in appreciating assets such as property, provided the property market is rising, and only where you will be able to make more money from borrowing to buy the property than you would using the money elsewhere.

Maintained and managed the budget for the facility, maintained inventories, conducted weekly inventories of supplies and equipment, reducing the surplus and over spending.

With the federal government projecting a budget surplus for the first time in years, lawmakers are confronted with an unusual problem: how to spend (or not spend) the money.