Sentences with phrase «budgetary balance»

In this perspective, the proposals of introducing an EU tax on financial transactions, the idea of including a «golden rule» of budgetary balance in national legislation, as well as the decision to support the creation of a permanent Eurozone Council, are arguably all steps paving the way to issuing of Eurobonds.

The impact on the budgetary balance is spread over the lifetime of the investment, perhaps as long as fifty years.

Any reductions in employment insurance benefits would be offset by reductions in the premiums, thereby having no impact on the budgetary balance.

Under cash accounting, the cost of capital has a direct hit on the budgetary balance while under accrual accounting, it is spread over a number of years.

Based on the Department of Finance's fiscal sensitivity analysis, such a downward revision in real growth would reduce the budgetary balance by $ 4.1 billion.

For the June 2011 Budget, the Department of Finance would have used their estimates for 2010 - 11 as the base for forecasting revenues and expenses and the resulting budgetary balance to 2015 - 16.

The first panel of Table 3 summarizes the changes in the budgetary balance from the March 2010 Budget to the October 2010 Update as presented in the Update.

The impact of these changes has been to raise both revenues and expenses by about $ 17 billion (2010 - 11 estimates), with no impact on the budgetary balance.

The improvement of $ 1.9 billion in the budgetary balance primarily resulted from higher personal income tax revenues, up 14.1 %, and higher corporate income tax revenues, up 23.3 %.

Recently, however, the University of Ottawa's Institute of Fiscal Studies and Democracy (IFSD), released a report «Federal Fiscal Forecast: Can the Federal Government Really Slow Its Pace of Spending», that concluded that the federal government's FES significantly understated the medium - term budgetary balance.

These royalties and equivalent transfers do not affect the federal budgetary balance.

A number of the major components of the budgetary balance are very sensitive to changes in economic developments — especially those for personal and corporate income tax revenues, employment insurance benefits and public debt charges.

The Conservatives, who criticized the Liberals for not forecasting the budgetary balance with any degree of accuracy, are now finding that they can't do any better.

During the 1990s and early 2000s, when projections of the budgetary balance were off by wide margins, the credibility of the Department of Finance's forecasting abilities came under attack from both inside and outside the government.

As we approach Budget Day 2011, private sector forecasters are starting to release their projections of the federal budgetary balance.

The budgetary balance is $ 13.1 billion lower in 2011 - 12, $ 10.1 billion in 2012 - 13 rising steadily to $ 18.1 billion in 2016 - 17 (see Table 1).

Based on the above, we do not believe that TD's current forecast of the budgetary balance is achievable.

As a result, the net financial position of the EI program will continue to have a one - to - one impact on the federal government's budgetary balance.

By retroactively including an obligation for sick leave credits, the Government can now negotiate a restriction on sick leave credits with compensation without any direct impact on the budgetary balance.

The deterioration in the budgetary balance is attributable to both lower revenues and higher program expenses.

Table 2 compares PBO's forecast of the federal budgetary balance to the March 2011 Budget forecast and the reasons for the differences.

Although financial requirements are directly affected by the cash outflow for such spending, the annual budgetary balance is only affected by the amortized amount

Based on the Department by Finance's fiscal sensitivity analysis, such a downward revision in real growth would reduce the budgetary balance by $ 4.1 billion.

However, the slower - than - expected economic growth in 2013 and the accompanying lower level of nominal income in 2013 - 14 results in a «status quo» (before budget actions) deficit of $ 18.7 billion Subsequently, the status quo budgetary balance is actually lower that forecast in the November 2012 November Update.

As a result, the impact of capital spending on the budgetary balance is spread out over its economic life, thereby minimizing its impact on the budget balance.

In the March 2012 Budget, the Department of Finance would have used their more optimistic estimates for 2011 - 12 as the base for forecasting revenues and the resulting budgetary balance to 2016 - 17.

As long as the Infrastructure Crown Corporation recoups its borrowing and administrative costs, there would be no incremental impact on the federal government's budgetary balance.

This had the effect of increasing revenues and spending by comparable amounts, with no impact on the budgetary balance.

These amounts directly affect the federal government's budgetary balance, as it has no ongoing liability with respect to any of the projects financed through this plan

The royalties and resulting transfers show up as revenues and expenses, respectively with no impact on the budgetary balance.

This reclassification affects both budgetary revenues and program revenues by roughly a similar amount and therefore has little impact on the budgetary balance.

This $ 1.5 billion improvement in the budgetary balance primarily resulted from higher personal and corporate income tax revenues and a slight decline in other direct program expenses.

Although the federal government levies royalties on offshore energy production, these royalties are transferred back to the provinces of Newfoundland and Labrador and Nova Scotia, thereby having no impact on the federal government's budgetary balance.

The budgetary balance (deficit / surplus) is the difference between two very large numbers (budgetary revenues - $ 245.2 billion in 2011 - 12 and total expenses - $ 271.4 billion in 2011 - 12), such that a small error in forecasting will result in a large error in the residual - the deficit or surplus.

The budgetary balance has deteriorated significantly compared to that forecast in the March 2012 Budget, by $ 5 to $ 7 billion per year.

Therefore, you have little control over fiscal targets such as the annual budgetary balance and debt.

Page 287 of the 2014 Budget has an estimate that a 1 - percentage point decrease in GDP growth would reduce «the budgetary balance by $ 3.7 billion in the first year, $ 4.5 billion in the second year and $ 6.0 billion by the fifth year.»

Given the recent TV advertisements, I am uncertain what the government's current position on economic growth and the budgetary balance is.

The parliamentary budget office's report says the slippage in spending is likely to affect the budgetary balance sheet by reducing planned deficits in one year at the expense of deeper spending in future years.

«A decrease in nominal GDP growth resulting solely from a one - year, 1 - percentage - point decrease in the rate of GDP inflation» reduces the budgetary balance by $ 1.9 billion.

«A sustained 100 - basis - point increase in all interest rates» reduces the budgetary balance by $ 0.5 billion.

«A one - year, 1 - percentage - point decrease in real GDP growth» reduces the budgetary balance by $ 4.1 billion.

The trend of improved budgetary balances through lower interest rates continues in Budget 2015.

Not exact matches

In its last assessment, S&P said that Portugal's outlook was stable, «balancing our expectation of further budgetary consolidation and likely receding banking sector risks over the next two years against the risks of a weakening external growth environment and vulnerabilities related to high private - and public - sector debt.»

Canada's new Federal Balanced Budget Act allows for budgetary deficits when a recession is «has occurred, is occurring or is forecast» — a condition met by TD's recession projections.

Instead of front - loading austere budgetary measures and cruising to a balanced budget, the government has chosen to stay the course on the plan mapped out in Budget 2014.

The Americans have four choices to deal with their current budgetary in balance, default, cuts to service, tax increases or inflation.

Canada's economy will not fully recover until 2013 and the federal government will carry a structural budgetary deficit of C$ 19 billion ($ 17.6 billion) after the crisis, a report by the parliamentary budget officer said on Monday... «PBO calculations continue to suggest that the budget is not structurally balanced over the medium term,» the report said.

On balance, budgetary revenues increased by 2.2 % on a year - over-year basis, compared to a 4.3 % increase in the March 2013 Budget forecast for the year as a whole.

On balance, budgetary revenues increased by 4.3 % on a year - over-year basis, bang on the March 2013 Budget forecast for the year as a whole.