Mr Osborne said borrowing would fall from 10.1 per cent of GDP this year to just 1.1 per cent in 2015 - 16, while the
underlying current budget deficit would move into surplus by 2014/15 - a year earlier than planned.
In their pledge, the Lib Dems are vowing to protect spending on two to 19 - year - olds in real terms until 2017/18, when they hope to eradicate the cyclically -
adjusted current budget deficit, and then increase education spending in line with economic growth.
However, it's estimated that it will only generate $ 8.7 billion over 10 years, which equates to 0.18 % of
the current budget deficit.
Me: I think they have both said that they want to eliminate
the current budget deficit but leave space for borrowing for capital?
I don't know what Andrew Cuomo would do with
this current budget deficit.
Mr Brown predicted that
the current budget deficit would fall from # 19.9 billion last year, to # 10.6 billion this year, before becoming a surplus of # 13 billion in future years, and he said he would end the economic cycle with a surplus of more than # 16 billion.
EBONG: Well, Tom, it seems this particular dispute has to do with the state's
current budget deficit.
«While this is a drop in the bucket compared to
the current budget deficit that we face, this increase is simply inappropriate.»
«In August 2013, the PFT put contract proposals on the table that would have saved the district millions of dollars and averted
the current budget deficit.
Current budget deficits are unsustainable year after year if present policy is extended.