Despite the underlying fiscal irresponsibility, the US enjoyed a Cold War dividend in the»90s — deficits shrank steadily & Clinton even enjoyed
budget surpluses for a few years as the decade ended.
SPD leader Martin Schulz has called for Germany to use
its budget surplus for domestic and EU - wide investment.
As a result,
the budget surplus for 2015 - 16 was not reflective of the economic forecast at that time.
It had run
a budget surplus for years and its debt to GDP ratio was well below 60 % in 2008 (compare that to Italy's 120 %).
Hempstead Town Supervisor Anthony Santino touted a $ 5 million
budget surplus for the town as a challenger for his job questioned his role as a former councilman in the deficits that preceded it.
«We have ended the year with
a budget surplus for the sixth straight year by practicing good government and commitment to fiscal responsibility.
Districts that keep expenses lower than revenues can build
a budget surplus for reinvestment back into the program — including capital replacement, new technology and other improvements.
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.
Not exact matches
For one fleeting moment, Ontario has a
budget surplus.
Budget 2015 left very little margin
for error when it came to balancing the books, with a projected
surplus of $ 1.4 billion plus an additional $ 1.0 billion as a contingency reserve, giving the federal government a $ 2.4 billion margin
for error.
Keep the
budget balanced or run a small
surplus, then have a «rainy day» fund
for emergencies.
To see this
for yourself, I created a
surplus / deficit estimator using the sensitivity analysis from the
budget.
In normal circumstances he believed in a balanced
budget and maybe a bit of a
surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalances.
Despite the fact that economic growth
for this year is now forecast to be substantially lower than that expected at the time of the April
Budget, Mr. Oliver is still confident that the federal government will record a
surplus in 2015 - 16.
The inadequate level of «risk adjustment» in the forecast seriously undermines the «credibility» of the latest fiscal update as a basis
for budget planning and the ability to claim a budgetary
surplus over the medium term.
To Gov. Scott Walker (R), who drove the one - time tax payout into law, it's a chance to turn a state budget surplus into a bonus for parents who could use...
In last April's
Budget, Mr. Oliver forecast a
surplus of $ 1.4 billion
for 2015 - 16.
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.
They can not blame external economic developments
for the «unexpected» slowdown in the economy and the elimination of the
surplus this year since these same external economic conditions existed at the time of the April
budget.
The IMF added that if growth was lower than expected or if the Greek government failed to meet targets
for running a
surplus on its
budget excluding interest payments, there would be «significant increases in debt and gross financing needs».
The current monthly results, along with the surprising better - than - expected economic growth
for the second quarter of 2014, strongly suggest that the federal government will post a
surplus in 2014 - 15, one year ahead of their political commitment to balance the
budget in 2015 - 16.
Taking into account recent private sector forecasts
for economic growth
for 2015, would, in fact, eliminate the $ 1.4 billion
budget surplus, as well as the $ 1 billion Contingency Reserve.
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.
In the 2014
budget, it was clear that even with the freezing of the EI rate at $ 1.88, excess EI revenues would account
for much of the projected
surpluses and that the EI premium rate would have to be reduced significantly in 2017.
The U.S. media are silent about the most important topic policy makers are discussing here (and I suspect in Asia too): how to protect their countries from three inter-related dynamics: (1) the
surplus dollars pouring into the rest of the world
for yet further financial speculation and corporate takeovers; (2) the fact that central banks are obliged to recycle these dollar inflows to buy U.S. Treasury bonds to finance the federal U.S.
budget...
The idea of an independent Parliamentary
Budget Office arose in late 2004 when the final outcome
for the
surplus for 2003 - 04 came in at $ 9.1 billion rather than the estimated $ 1.9 billion provided in the
Budget.
Given that the next election is likely to be in the fall of 2015, the 2015
Budget will likely show a
surplus for 2015 - 16, since the final outcome
for the deficit will not be known until the fall of 2016.
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..
A balanced
budget is forecast
for 2015 - 16, with increasing
surpluses thereafter.
The projected
surplus for next year has doubled, and the current
budget will all but balance.
If, however, the deficit
for 2013 - 14 were to come in much lower than forecast in the November 2013 Update, then the possibility of a balanced
budget or
surplus increases considerably
for 2014 - 15.
If things turn out better and it looks fairly certain that there could be a
surplus in 2014 - 15, then he could announce it in the 2014 Economic and Fiscal Update, setting the stage
for an early election
budget and possibly even an early election.
Singapore might be better since their tax rate
for income is a 20 % flat tax and heading lower + they have a
budget surplus and great government safety net.
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 progr
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 progr
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.
As had been widely speculated, the government is now forecasting a
surplus of nearly $ 4 billion
for 2015 - 16, almost $ 3 billion higher than expected in the March 2013
Budget.
Liberal Leader Justin Trudeau said the numbers show the Conservatives have been unable to balance the
budget except
for the
surplus they inherited from the former Liberal government a decade ago.
The city's Finance Committee has deferred a decision
for the time being on what to do with a projected $ 1.1 million
budget surplus.
Both studies concluded that the federal finances were sustainable, with the
budget in
surplus in or before 2045, not a bad starting point
for planning the 2018
budget.
The new government wants the troika to lower this requirement of
surplus to a balanced
budget, freeing up cash
for more government spending.
However, to the surprise of no one except the government, about two months later, the January 2009
Budget forecast deficits of about $ 30 billion for both 2009 - 10 and 2010 - 11, with the budget not expected to return to a surplus until 2013
Budget forecast deficits of about $ 30 billion
for both 2009 - 10 and 2010 - 11, with the
budget not expected to return to a surplus until 2013
budget not expected to return to a
surplus until 2013 - 14.
The deficit
for 2016 - 17 is now projected at $ 18.4 billion, rather than a
surplus of $ 1.7 billion forecast in the April 2015
Budget.
For some reason you guys forget W inherited a
budget surplus.
«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.
Oyster Bay finance director Robert Darienzo said at the Feb. 6 meeting that the fee increases would create a
surplus in the town's parking
budget this year that would allow
for a tax cut in 2019.
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.
It was the basis
for the governor's repeated claim to have turned a huge
budget gap into a $ 2 billion
surplus, which never actually entered the realm of fiscal reality.
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.
The latest TfL accounts
for the full financial year 2011/12 show a
budget surplus of # 759 million.
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.