Sentences with phrase «debt reform in»

Debt reform: The debt - reform law would be «the most fundamental debt reform in the history of New York State,» the Governor said.

«This budget will include the most fundamental debt reform in the history of New York State, while ensuring that we continue the largest and most sustained tax - cutting campaign of any state in American history,» Governor Pataki said.

Not exact matches

«We made a grand, bipartisan bargain in Simpson - Bowles to reform entitlements and raise taxes,» Cote tells Fortune, noting that prior to the Great Recession, the ratio of debt to GDP was 35 %.

While the BoJ has argued that central bank asset purchases would not work in the absence of structural reforms, strategists said that high government debt levels will constrain fiscal expansion.

Trump could also make it harder to pass lasting tax reform, since any policy that increases the debt above its baseline either requires Democratic support or — if passed by a slim majority of Republicans in the Senate — would expire in a decade.

Greece's creditors see limited scope to accommodate Athens in talks on financing for reforms to clinch a deal on Saturday and are willing to reaffirm a 2012 promise to consider rescheduling its debt, a senior official close to the talks told Reuters.

The American public still believes in immigration, free trade, debt reduction, and tax reform, sometimes by large margins.

But analysts say more still needs to be done on structural reforms to rein in ballooning corporate debt, which has reached levels that the IMF and others have warned sharply raises the risks of a financial crisis.

So if we're worried about the debt in 10 years, when we get serious about entitlement reform, then I'll know we're serious about the debt.

Beyond these concerns, of course, we still need to fix problems that have been with us for some time during the crisis: unacceptably high unemployment, especially among young people; high levels of debt in many countries; and the need to complete the financial reform agenda.

The Spanish government has been noteworthy in its pursuit of well - directed actions to address Spain's debt and banking - system problems, and the Spanish public has demonstrated an understanding of the need for austerity and reform measures.

The tense negotiations over Greece's debt come as the Greek government struggles to find a consensus to pass the budget reforms demanded by its so - called troika of lenders — the European Central Bank, European Union and International Monetary Fund — in exchange for releasing the next installment of bailout money, a 30 billion euro ($ 38.3 billion) payout scheduled to be released in March.

The draft proposal of Greece's creditors consists of two documents with the first called «Reforms for the Completion of the Current Program and Beyond» and the second document is called «Preliminary Debt Sustainability Analysis», the Greek government said in its proposed question.

The reform agenda in the European Union has been slow and at times painful, but progress has been made since the eurozone sovereign debt crisis.

Tsipras has also insisted that debt relief must form an important part of the package, but a statement by Eurozone leaders on Monday said only that further measures might be taken provided Greece adhered in full to the reforms demanded by its creditors.

The fundamental problem now in Puerto Rico is the current sterile debate between those who believe that salvation lies in more debt relief and more federal support and those who believe in more belt - tightening by Puerto Rico and market - oriented structural reforms.

We suspect that much of the projected growth benefit from corporate tax reform comes from enacting expensing of equipment, which reduces the entity - level effective tax rate to zero on equity - financed investment and makes it negative if financed in part with debt.

Global financial crisis: causes, consequences, cures Central bank responses to the crisis: issues of democratic accountability, QE and inflation, regulatory reform Fiscal policy responses to the crisis: issues of inflation, stimulus, debt sustainability Real estate prices and mortgage problems New directions in economics in light of the GFC Impacts of the GFC on the BRICS and the developing world Modern Money Theory, Functional Finance Job Guarantee / Employer of Last Resort Problems of Euroland,

When debt levels are low, reforms aimed at improving productivity, if they are correctly designed and implemented, can result in the higher productivity and GDP growth that could, in principle, allow a country to «grow» its way out of debt.

But there is something profoundly troubling about speculators in Puerto Rican debt reaping windfalls even as estimates of hurricane damage are revised up, tax reform legislation undermines Puerto Rican competitiveness, out - migration increases, political cleavages increase, layoffs from the public sector are set to increase and outside observers become more pessimistic about Puerto Rico's economic prospects.

When growth is most needed, when a country is suffering from excessively high levels of debt, it is hard to find many cases in which the aggressive implementation of reforms led to growth rates fast enough for the debtor to grow its way out of debt.

It means that it is proving politically hard to implement reforms as quickly as some in the administration would like, and it also means that we are getting closer to debt capacity constraints.

The two important points if I am right, then, are, first, that during the adjustment a sharp slowdown in growth is inevitable, and is embedded within the rebalancing process, and second, that until the debt is specifically addressed, efficiency - improving reforms will never be enough to resolve the rebalancing process.

Assume, for example, that a disorderly rebalancing occurs because Beijing waits so long to force through the reforms that it runs into debt capacity limits (i.e. the growth in debt can not exceed the growth in the amount of bad debt that must continually be rolled over).

While these may at first seem unrelated, in fact financial market disruptions are tightly tied into the self - reinforcing processes of rising debt, capital flight and slowing growth that recent reforms were supposed to untangle and address — and for which they have clearly failed.

Mr. Martin averted a major fiscal crisis, eliminated the deficit in three years, reduced the government's debt, strengthened the Canadian banking system, and reformed the Canada Pension Plan.

Unless China is able, very improbably as I have argued, to reform the financial sector deeply enough and quickly enough, the cost of a more competitive (i.e. more highly subsidized) export sector is ultimately a rise in the debt burden, unless of course Beijing is willing to tolerate higher unemployment or to implement greater wealth transfers from the state to the household sector.

Last week in our analysis America Needs Tax Reform, Not More Debt, we explained why a plan of this magnitude would be so problematic.

Both bailouts contemplate the possibility of a debt relief in case Greece successfully approves the revision of its reform programs and it is unsustainable.

The draft legislation is the latest in a series of income cuts, tax hikes and reforms imposed on austerity - weary Greeks since 2010, when the debt crisis exploded that brought Greece to the brink of bankruptcy and expulsion from the eurozone — the club of European Union countries that use the euro currency.

Hansson's skepticism is in line with opposition by a minority of officials including Bundesbank President Jens Weidmann, who has argued that sovereign - debt purchases involve unwarranted risks and undermine the incentive of governments to make economic reforms.

«We're going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit,» House Speaker Paul Ryan said in a radio interview earlier this month.

The Cancer of Debt and Deficits (pdf)-- John Mauldin (interesting tax reform proposal worth reading in this article)

Not only to the European banks, but we're talking about a domestic debt holiday very much like Germany's economic miracle, in 1948 the Allied monetary reform, where they canceled all the internal German debts except for the debts that employers used for wages.

With the tax code in need of reform but debt at its highest point as a share of the economy since just after World War II, Congress should pass a fiscally responsible tax overhaul that grows the economy but does not add to the debt.

In previous German governing coalitions, the country's finance minister has traditionally been provided by the second - largest party in the coalition — in the current negotiations, the FDP — so there was also speculation that prevailing German political opinion was likely to become more resistant to any future proposals from fellow EU members to reform the region's financial markets through a mutual underwriting of eurozone debIn previous German governing coalitions, the country's finance minister has traditionally been provided by the second - largest party in the coalition — in the current negotiations, the FDP — so there was also speculation that prevailing German political opinion was likely to become more resistant to any future proposals from fellow EU members to reform the region's financial markets through a mutual underwriting of eurozone debin the coalition — in the current negotiations, the FDP — so there was also speculation that prevailing German political opinion was likely to become more resistant to any future proposals from fellow EU members to reform the region's financial markets through a mutual underwriting of eurozone debin the current negotiations, the FDP — so there was also speculation that prevailing German political opinion was likely to become more resistant to any future proposals from fellow EU members to reform the region's financial markets through a mutual underwriting of eurozone debt.

Ahead of the next congress of the Chinese communist party in October, where President Xi Jinping will unveil his new leadership team, there have been indications that Chinese policymakers have increasingly shifted their emphasis away from potentially disruptive reforms aimed at reducing excessive debt levels, particularly among local governments, and toward stabilizing the level of economic growth.

Eventually, the bailout program for Greece was extended — in return for Greece's commitment to honor its debt obligations and conduct structural reforms — within four months (the end of June), just weeks before Greece's due date to make several large debt repayments.

We remain cautious and selective in Japan, where our main concern is that reform could stop shy of the real structural changes needed for corporate Japan to gain competitiveness, improve profitability, and overcome the country's daunting debt and demographic challenges.

This is why it was eliminated not only in the Big 6 framework, but under recommendations from the 2005 President's Advisory Panel on Federal Tax Reform, the Simpson - Bowles Fiscal Commission plan, the Domenici - Rivlin Debt Reduction Task Force plan, and former Ways and Means Committee Chairman Dave Camp's (R - MI) Tax Reform Act of 2014.

The International Monetary Fund warned Arab states on May 2 against complacency over a looming debt crisis, urging continued economic reforms despite a rise in oil prices.

We have seen promising structural reforms from some of the countries that had gotten into trouble during the sovereign debt crisis that started in 2009, and equally encouraging restructuring initiatives at the corporate level.

A Nov. 25 Reuters poll suggested investors would expect to demand an extra 25 basis points in yield to hold Italian debt over its German equivalent if the reform is rejected, with the euro dipping 1.25 %.

In Nehemiah 5:6 - 11, however, an extensive reform is launched to return to the poor the land taken from them in payment of debts, as well as goods exacted in interesIn Nehemiah 5:6 - 11, however, an extensive reform is launched to return to the poor the land taken from them in payment of debts, as well as goods exacted in interesin payment of debts, as well as goods exacted in interesin interest.

I would like to vote Republican but my fear of closed minded bible thumpers who want to set back our education system, social reforms, free thought and our culture as a whole, outweighs my fear of skyrocketing national debt, slow economic growth and higher taxes (incidentally higher taxes are coming no matter who is in power.

But the government in Kiev needs meaningful help from Brussels to restructure its debts, to prevent oligarchs from washing money in Western banks, to protect poor citizens from the harsh implications of reforms, and to enhance the rule of law and institutions of civil society.

That «pledge to not raise taxes line» is a dig directed at Turner, who caught heat today from Americans for Tax Reform President Gover Norquist for telling CapTon's Nick Reisman that Republicans «can't continue to uniformly oppose tax increases in order to solve the debt issue» and «compromises» — including tax increases — should be on the table.

The tax reform legislation, which the GOP aims to push through Congress this week, will amount to about $ 1.46 trillion in debt from tax cuts over the next decade, with reductions in rates focused for the richest Americans and corporations.

As Andrew Haldenby of Reform points out, the planned debt to GDP ratio will still be 80 per cent, which, in perspective, is «twice as high as in the Gordon Brown years».

«These reforms promote both public safety and the rehabilitation of individuals who have paid their debt to society,» Cuomo said in a statement.