Sentences with phrase «consecutive deficit budget»

But the Alberta government's eighth consecutive deficit budget is ``... hardly sky is falling territory,» wrote University of Calgary economist Trevor Tombe in Maclean's Magazine this week.

Not exact matches

After eight consecutive years of deficits the goal of a balanced budget remains elusive.

The Portuguese government could soon end 25 consecutive years of budget deficits — a historic moment for the indebted economy.

It expects to report a whopping $ 16.7 - billion budget shortfall for the year ended March 31 (about 3 % of GDP), its third consecutive deficit.

After that, deficits were recorded for seven consecutive year until.in this year's April budget.

If the deficit is due to an economic recession, defined as two consecutive quarters of negative growth in real gross domestic product, or to «extraordinary events», such as a natural disaster or war, that results in an «cost» of more than $ 3 billion, then the operating budgets of departments and agencies would be automatically frozen to pay for any wage increases.

During his tenure as Minister of Finance, he erased Canada's deficit which was the worst of the G7, subsequently recording five consecutive budget surpluses while paying down the national debt and setting Canada's debt - to - GDP ratio on a steady downward track.

The budget includes no property tax increase for the tenth consecutive year, and Brooks says if it's passed it will reduce the county's structural deficit for the second year in a row.