Sentences with phrase «deficit budgeting for»

County economic difficulties from last year, and deficit budgeting for this current year, have not simply disappeared.
A Department for Education spokesperson said: «Where the board of an academy is proposing to set a deficit budget for the current financial year, it must notify the EFA.
«Where the board of an academy is proposing to set a deficit budget for the current financial year, it must notify the Education Funding Agency (EFA).

Not exact matches

Ahead of the 2016 federal budget, I had a list of eight things to watch for, beyond the size of the deficit.
Stephen Poloz has already laid the groundwork for a Trudeau - Morneau deficit budget.
Finance minister Philip Hammond has said that promise makes it harder for him to bring down Britain's budget deficit.
The economy is really being supported — this isn't just in the United States, it's in Japan, the ECB and Britain — the economy is being supported by quantitative easing that is allowing for a massive budget deficit and money printing exercises to go on... As you address the fiscal problems, you are going to have weak economic growth.
Moscovici made much of the fact that for the first time since the euro was born in 1999, no country in 2018 will have a budget deficit over 3 percent of annual GDP — a key limit that governs the single currency and which has been flouted by many countries.
Premier Kathleen Wynne defended the government's pre-election budget, which will run a $ 6.7 - billion deficit in 2018 - 2019, saying Moody's change wasn't a credit downgrade, which would effect borrowing costs for the province.
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.
France, for example, experiencing stagnant economy and rising unemployment, has been allowed until 2014 (instead of 2013) to deliver the mandated budget deficit of 3 percent of gross domestic product.
To see this for yourself, I created a surplus / deficit estimator using the sensitivity analysis from the budget.
The CBO report says that that the twin tax and spending bills will push the budget deficit to $ 804 billion this year and just under $ 1 trillion for the upcoming budget year.
Because Congress has refused to either raise taxes or cut other spending to pay for the war, the necessary borrowing has substantially raised the budget deficit and increased the national debt.
Thirteen months later, with Canadians staring at a $ 56 - billion crater in the government's finances, the minister got testy with reporters who were asking for his response to a report from the Parliamentary Budget Office that predicted a federal deficit of nearly $ 20 billion in 2013 - 14.
After some early, desultory efforts, Martin found his footing and reeled out a handful of budgets built around themes such as deficit fighting, education, innovation and tax reduction that set the country on sound fiscal footing and gave it political direction and policy focus for the better part of a decade.
Last year's budget was the «ostrich budget,» wherein Flaherty jammed his head in the sand while punting all the pain for dealing with the deficit down the road.
Deficits will probably reach $ 1 trillion in the current or next fiscal year, almost double what the Congressional Budget Office had projected less than a year ago for 2018.
The Congressional Budget Office predicts that for fiscal 2009 the deficit will be US$ 1.6 trillion, or 11.2 % of GDP — a crippling magnitude last witnessed during the Second World War.
The Associated Press reports Republicans are not expected to actively seek Democratic support for the legislation because they're hoping to work under a budget rule that would allow them to clear it as long as it didn't add to the deficit.
Rousseff's impeachable offense was for playing fast and loose with the nation's budget; essentially fudging the numbers to make the budget deficit look smaller than it really was.
Republicans are demanding spending cuts to reduce the budget deficit as the price for supporting an increase in the debt ceiling.
If various personal deductions were eliminated as the plan proposes, it could still leave a $ 2.2 trillion addition to the deficit over 10 years, according to the analysis from the Committee for a Responsible Federal Budget.
He also sits on the Board of Directors, and in May 2015 he made a donation of $ 133,000 to the foundation to make up for funding it had lost as a part of the austerity measures put in place by Governor Bruce Rauner to address the state's $ 1.5 billion budget deficit.
The threat of a rising budget deficit could erode support for the plan among lawmakers in Trump's own Republican Party.
The Portuguese government could soon end 25 consecutive years of budget deficits — a historic moment for the indebted economy.
What was budgeted to be a $ 886 - million shortfall last spring has since swelled to a projected $ 3 - billion deficit for 2012 — 13.
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.
With these issues in mind, he said he had concerns over the projected deficits in the Trudeau government's recent budget, which include a $ 18.1 - billion shortfall for 2018 - 19.
The latest federal forecast, released last October, projected a $ 14.3 - billion deficit for 2019 - 20 and doubts persist that Tuesday's budget will show a revised timeline for getting back to black.
So the government is stuck between the rock of boosting its spending for 11MP goals and the hard place of keeping its budget deficit under control amid declining oil revenue.
For all the talk of fostering superclusters and creating new companies, it should be noted that there's very little in the way of new financial resources to back that up in the budget — despite the big deficits.
According to Congressional Budget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern bBudget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern bbudget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern border.
And the Congressional Budget Office projects a deficit of $ 642 billion for fiscal year 2013, that's down $ 200 billion, reports CNBC's John Harwood.
Trump's tax cuts and planned $ 1.5 trillion in infrastructure spending, which are expected to boost the economy while escalating the budget deficit, could pose a challenge for Powell.
Cohn told CNBC the proposed tax cuts will be paid for entirely through economic growth and would not increase the budget deficit.
The best fiscal rules are more flexible, promising to keep the structural deficit in check, for example, or pledging to balance the budget over a number of years.
Ontario's Budget 2014 projected a $ 12.5 billion deficit for fiscal year 2014 - 15.
The deficit for the current fiscal year that ends in two weeks is projected to be $ 25.9 billion — exactly as forecast in the fall fiscal update but up significantly from the $ 21.1 billion posited by Flaherty in last March's budget.
Q: Will Congress» approval of trillion - dollar federal budget deficits this year and next and perhaps into the future be good for the economy?
As talk about the economy has largely focused on tax cuts, the U.S. budget deficit and the potential for trade tariffs, one of the biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.
In normal circumstances he believed in a balanced budget and maybe a bit of a surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalances.
With the potential for higher U.S. budget deficits and debt risking dollar strength, central banks around the globe could be motivated to increase their gold holdings, says Credit Suisse.
But given the chance to elaborate on how far he is willing to bend in other areas the size of the deficit, whether it would exceed his previous $ 10 - billion threshold, moving up the budget timetable Trudeau would only say his government would put forward a budget that is «the right one for Canadians.»
As reported in the Annual Financial Report for fiscal year 2011 - 12, the deficit for In 2011 - 12 was $ 1.4 billion higher than estimated in the March 2012 Budget.
These two factors, coupled with the improvement in the deficit to date, should ensure that the deficit for 2012 - 13 will be lower than forecast in the March 2012 Budget.
For the government sector, large federal budget deficits are a constraint and fiscal policy is slowly shifting from an expansive policy back toward restraint.
It is probably no coincidence that the release was on the same day as the release of the Parliamentary Budget Officer's «An Update of the Budget 2015 Fiscal Outlook», which forecasts a deficit of $ 1.0 billion for 2015 - 16.
Using the Bank of Canada forecast growth of 1 % for 2015, we have estimated that there would be a deficit of $ 1.6 billion in 2015 - 16 but have maintained the April budget forecast for the remaining years.
However, a budget deficit that takes the form of transfer payments to banks, as in the case of the post-September 2008 bank bailout, the Federal Reserve's $ 2 trillion in cash - for - trash financial swaps and the $ 700 billion QE2 credit creation by the Federal Reserve to lend to banks at 0.25 % interest in 2011, has a different effect from deficits that reflect social spending programs, Social Security and Medicare, public infrastructure investment or the purchase of other goods and services.
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