Sentences with phrase «budget surpluses by»

Shortly before leaving office, George Osborne abandoned the government's target of running a budget surplus by 2020, blaming the uncertainty surrounding Britain's shock decision to leave the European Union.

Remember when Mystic Gideon was forecasting a budget surplus by 2014/15?

David Cameron has challenged other parties to follow the Conservatives» lead and strive for a budget surplus by 2020, rejecting suggestions that it will inevitably lead to more cuts.

The focus of all the anger, a U-turn over voting with the Government on George Osborne's plan to run a budget surplus by 2019.

I think there was «strong concencus» we would have a budget surplus by now huh?

Not exact matches

Personal income tax will hit a 20 - year high of 12.5 per cent of GDP by 2020 - 21 under the budget forecasts as the government relies on bracket creep and an increase in the Medicare levy to return the budget to surplus.

Moreover, the admittedly quite uncertain long - term budget exercises released by the CBO last October maintain an implicit on - budget surplus under baseline assumptions well past 2030 despite the budgetary pressures from the aging of the baby - boom generation, especially on the major health programs.

However, even in the absence of that one - time boost, the projected trajectory of revenues is such that by 2015 - 16 the budget should generate a surplus of over $ 700 million.

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.

By doing these things, we will not only balance the budget in 2015, we will achieve a surplus.

Greece has committed to attaining a primary budget surplus — excluding debt servicing costs — of 3.5 % of economic output by 2018 as part of its third bailout package since 2010.

By the time Martin recorded a «surprise» budget surplus of $ 20 billion in 2001, the opposition parties and the public had stopped giving the Liberals the benefit of the doubt.

The budget predicted the fiscal year would end with a thin surplus of $ 197 million, a feat that would be achieved by reducing expenditure growth, raising taxes and selling off more than 100 assets determined to be surplus.

The likelihood of a surplus for 2014 - 15 is further enhanced by our expectation that the final results for 2013 - 14, which will be released in late September / early October, will show a deficit of around $ 10 billion substantially lower than the $ 16.6 billion forecast in the February 2014 Budget.

Given recent economic developments (which suggest there will be no surplus this year) and global uncertainties, together with a commitment by all three major political parties to balanced budgets and no tax increases (other than the NDP), it would be fiscally imprudent for any political party to make new major election «promises» in the coming months without indicating how they would be financed.

The provision would automatically reduce the income and corporate rates by one - tenth of one percent whenever the November economic forecast projects a sufficient state budget surplus.

Their platform was largely «financed» by the surpluses projected in the November 2014 Update and the April 2015 Budget, rather than having to come up with new Sources of Funds, as is the case for the other two parties..

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.

These large discrepancies suggest that the April Budget forecast of a surplus of only $ 1.4 billion could be understated by at least $ 2.5 billion.

The Minister of Finance has already discounted the PBO report by saying the budget would definitely be in surplus in 2015 - 16 and the surplus would not be «tiny».

The federal government is on track to achieve its target debt - to - GDP ratio of 25 per cent by 2021, evidenced by projected surplus budgets in the very short term.

In the 2014 budget, the government forecast that the deficit would be eliminated in 2015 - 16 and this would be followed by modest surpluses over the next three years.

For state and local governments, the statutory requirements for balanced budgets meant that fiscal policies turned restrictive relatively quickly once budget surpluses and rainy day funds were exhausted, and this was only temporarily mitigated by federal transfers to the states as part of the initial fiscal stimulus program.

Did the Liberals inherit a small surplus (less than $ 1 billion) in 2015 - 16 as recently forecast by the Parliamentary Budget Officer (PBO) or a deficit of $ 5.4 billion as forecast by the Finance Minister in his 2016 Budget?.

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.

But the budget office projects the government producing a $ 1 - billion shortfall in 2015 - 16 followed by smaller surpluses of $ 600 million and $ 2.2 billion over the next two years.

On fiscal policy, little needs to be said other than that Australia has a very low underlying budget deficit by world standards and is expecting a surplus next financial year.

«They needed proof that they could keep a pastor for four years,» Sam Singer said, and together they kept Sam for over a decade, not only by raising his salary each year beyond what he would make in another assignment but also by giving him a bonus each year from the surplus of an oversubscribed church budget.

«Rearming America's Defenses» boldly proposed budget increases, which it assumed would be covered by the (now disappeared) budget surplus.

He turned Massachusetts» budget from red to black while governor by turning a three Billion dollar deficit into a 2.16 billion dollar surplus.

While the park district budget will be $ 38 million higher than in 1985, the tax burden will be reduced by a $ 29 million surplus carry - over from the present year and from $ 28 million in expenditures from bond issues which will not affect the current tax levy.

Commissioners want to check the growth of the surplus by using surplus rather than new taxes to meet budget needs.

Although expenses in the recently approved budget outstrip income by more than $ 106,000, the deficit will be made up by $ 200,000 in developer donations held in surplus from previous years.

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.

The chancellor, George Osborne, certainly plans more austerity, hoping to achieve a budget surplus and a rapidly declining debt - to - GDP ratio by the end of the decade (four years later than he originally predicted).

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.

Heathrow Express workers: # 700 Network Rail: # 500 Docklands Light Railway: # 900 Virgin Rail: # 500 London Overground: # 600 London Underground: At least # 850 BAA staff: up to # 1,200 London Underground maintenance workers at Tube Lines: # 850 London Overground maintenance workers employed by Bombardier: # 650 Workers at the mayor of London's bike scheme: # 500 The latest TfL accounts for the full financial year 2011/12 show a budget surplus of # 759 million.

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.

There is reason to be skeptical that New York will run a multi-billion dollar surpluses in the coming fiscal years, according to a preliminary report on the 2014 - 15 state budget released on Monday by Comptroller Tom DiNapoli's office.

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.

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.

Connecticut's projected budget surplus has dropped by 90 per cent since January.

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.

Turn a $ 9 billion state budget deficit to a $ 25 billion surplus through various tax the rich proposals (e.g., half the rebate of the stock transfer tax; bankers bonus tax; raise $ 8 billion while give 95 % of us a tax cut by going back to the progressive income tax during the Rockefeller years).

Connecticut officials are now projecting that the state will end this fiscal year with a $ 23 million surplus, as stated in a letter sent by Governor Dannel Malloy's budget director to the state comptroller on Friday.

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.

Now, under Cuomo's new budget plan, roughly $ 850 million out of a $ 5.4 billion surplus — generated by nearly a dozen major financial settlements finalized last year — would be set aside in reserves to settle «federal risks.»

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.