He also spoke as the federal government appears poised to run
budgetary deficits in order to invest billions of dollars in areas such as infrastructure as a way to boost Canada's weak growth.
The projected
budgetary deficit in 2010 - 11 was revised down from $ 40.5 billion to $ 36.2 billion and in fiscal 2011 - 12 was revised upward from $ 29.6 billion to $ 36.2 billion, for a cumulative reduction of $ 1.6 billion over the two years.
Not exact matches
Instead, we get the usual
budgetary hallucinogens: graphs showing the
deficit casually marching down to zero over four or five years and gauzy references to an upcoming spending review that will discover $ 4 billion
in annual savings through??? get this??? «greater efficiency and effectiveness.»
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.
Table 3 shows the changes
in the average private sector economic forecasts for nominal GDP (the most applicable tax base for
budgetary revenues), and for short - and long - term interest rates, from the first estimate of the
deficit to the final outcome.
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.
They did, however, adjust the October 2010
budgetary track for some additional prudence, reducing revenues (and therefore increasing the
deficit) by $ 0.9 billion
in 2013 - 14 and $ 2.2 billion
in both 2014 - 15 and 2015 - 16.
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.
Depending on the economic environment at the time, the Government could well be facing a
budgetary deficit, if it allowed a drop
in EI rates of that magnitude.
The federal government posted a
budgetary deficit of $ 193 million
in July 2017, compared to
deficit of $ 1.8 billion
in July 2016.
The increase
in the year - over-year
deficit was primarily due to lower
budgetary revenues (down $ 5.0 billion), reflecting the timing of receipts.
The federal government posted a
budgetary surplus of $ 565 million
in December 2017, compared to
deficit of $ 1.3 billion
in December 2016.
The federal government posted a
budgetary deficit of $ 2.8 billion
in November 2017, compared to
deficit of $ 3.3 billion
in November 2016.
Balsillie warned that the Liberals» plan to run
budgetary deficits of up to $ 10 billion
in each of the next three years could pale
in comparison to what could be lost
in the country's ideas economy because of the TPP.
The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on
Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such s
Deficit Reduction to propose further
deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such s
deficit reduction with a stated goal of achieving at least $ 1.5 trillion
in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savings.
According to the statute's own language, it was designed with the «purpose of reducing the need for future tax increases, maintaining the highest possible bond rating, reducing the need for short term borrowing, providing available resources to meet State obligations whenever casual
deficits or failures
in revenue occur, and providing the means of addressing
budgetary shortfalls.»
From there, for instance, comes their insistence on the importance of a central bank legally and totally independent of all governments or again on the inscription
in the constitution of the prohibition of any
budgetary deficit.
The Citizens» Budget Review Commission shall be established to assist and advise the Erie County Legislature
in the oversight of the County's budget and to monitor county finances, ensure the long - term fiscal stability of Erie County, prevent the concealment of county
deficits, and to help provide the Legislature with enough time and information to respond to
budgetary problems.
Prior to this, the International Monetary Fund, IMF, Ghana's civil society groups, and the business sector, had expressed worry that any
budgetary overrun would result
in deficits, and subsequently, further taxation.
PARIS — Higher education and research are one of the few
budgetary bright spots on a landscape of gloom
in France, as the economic crisis is predicted to push the country's public
deficit to a record high next year.
Subtitle F:
Deficit Neutral
Budgetary Treatment -(Sec. 496) Requires: (1) the Energy Efficiency and Renewable Energy Worker Training Fund, the Climate Change Health Protection and Promotion Fund, and the Natural Resources Climate Change Adaptation Fund to be treated as separate accounts
in the Treasury; and (2) amounts appropriated to such Funds to be only available for the purposes set forth under this Act.