Sentences with phrase «deficit budgets in»

The motion also gave the NAHT executive the right to encourage its members to take other steps, such as running deficit budgets in schools or refusing to file budgets to local authorities.

Not exact matches

In the analysis, the individual income and payroll section of the budget resulted in a $ 3.3 trillion revenue deficiIn the analysis, the individual income and payroll section of the budget resulted in a $ 3.3 trillion revenue deficiin a $ 3.3 trillion revenue deficit.

The Ontario Liberal Party, which tabled a budget Wednesday, will not crawl out from deficits until 2024 - 25 — provided the party can stay in power until then.

In his first term, Bush won passage of tax cuts that helped swing the federal budget from surpluses to deficits.

It essentially obliterates bipartisan spending caps established in the Budget Control Act of 2011 that had kept recent deficits partially in check.

Last June, the Congressional Budget Office (CBO) forecast that deficits would reach $ 1 trillion in 2022.

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.

He joined fellow Republicans in delivering Trump's greatest victory so far, backing the $ 1.5 trillion tax cut despite his own expressed concerns about budget deficits.

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.

In a recent speech to the Empire Club of Canada, Manley recalled that, while serving as industry minister, he had his departmental budget cut by 50 % as the government struggled to eliminate a close to $ 40 - billion deficit.

The Spanish government is targeting a total budget deficit equal to 6.3 percent of GDP this year, revising downward its deficit outlook to 2.8 percent in 2013.

Then there's the national budget deficit, which adds to our national debt and will have to be handled at some point in the future.

The bill can not increase total deficits in the years beyond the CBO's 10 - year budget window, over and above the forecasts under current law.

Spain also just released its 2013 budget, which introduces several new austerity measures in an attempt to rein in the government's budget deficit.

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.

That's why the deficit - fighting measures in this budget are not aimed at fiscal prudence, but at preparing the political landscape.

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.

Assuming no change in legislation — and Trump campaigned on keeping those entitlements intact — the Congressional Budget Office predicts America's deficit will expand to $ 1.34 trillion by 2026.

Some economists say that it's impossible to «grow yourself out» of this deficit, but Flaherty says a new budget expected in March will explain the «guideposts» of his big plan.

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.

Rep. Steve Womack argues a Republican willingness to add to budget deficits does not represent a shift in the party's message.

The Conservatives came to office in 2006 with a $ 13 - billion surplus but had whittled that down to a structural deficit even before the global recession struck in late 2008, according to the Parliamentary Budget Office.

Through a combination of $ 1 billion from the sale of GM shares, a $ 2 billion reduction in the contingency fund and $ 1.8 billion taken out of Employment Insurance (a holdover from Budget 2014), the federal government was able to turn a modest deficit into a $ 1.4 billion surplus.

Saudi Arabia has projected a budget deficit of 195 billion riyals in 2018, or 7.3 percent of GDP, down from 230 billion riyals last year.

Chafee has a mixed economic record in Rhode Island, raising its sales tax to reduce its budget deficit, and decreasing the state's corporate tax rate to seven percent from nine percent.

Already in Brazil, the region's biggest economy, President Dilma Rousseff is starting to roll out a more conservative message of austerity, including cuts in unemployment and welfare benefits, to tame a record budget deficit widened by the biggest economic slowdown in 25 years.

Republicans are demanding spending cuts to reduce the budget deficit as the price for supporting an increase in the debt ceiling.

«We believe that the deficit is going to rise somewhat above what the government was assuming in the budget,» Mostafa Askari, the deputy parliamentary budget officer, said in an interview.

If the provision makes changes to Social Security, increases the deficit beyond the 10 - year budget window, or does NOT produce a change in outlays or revenue than it's considered extraneous.

U.S. budget: The group expects continued improvement in the federal deficit, which it sees shrinking to $ 460 billion next year from $ 483 billion in fiscal year 2014

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 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.

In 2009, Greece's budget deficit was 13.6 % of its GDP; California's US$ 20 - billion deficit was just 1.1 % of its GDP.

And then there are the more endemic challenges of lofty stock valuations, ballooning budget deficits, and the turbulent end of a three - decade - long bull market in bonds.

The slump has left the province facing a budget deficit and Prentice in the tough position of balancing the books while maintaining his commitment not to hike taxes.

The threat of a rising budget deficit could erode support for the plan among lawmakers in Trump's own Republican Party.

And, of course, a massive budget deficit because of a lack of alternative sources of revenue: Moody's noted that the country's gross borrowing requirements through 2019 will average 17 % of GDP, because much of the debt it issued during the boom times is falling due in the next two years.

The White House has yet to spell out how much of a hole the tax cuts could create in the federal budget, maintaining that the resulting economic growth would reduce — if not eliminate — the risk of a soaring deficit.

The budget gives an estimate deficit of only 2.9 billion in 2014 - 2015 (page 10), so it is very reasonable to suggest that somewhat faster economic growth would fill this gap.

Capital flows into the US are strong because of low private savings and large budget deficits in the US and elevated savings in China and other EM economies.»

Fedosejevs was part of a group of fusion researchers who requested $ 21 million from the Alberta government in 2009 to establish an Alberta - Canada Fusion Energy Institute, but their timing was poor, given that the province was about to announce its first budget deficit in 15 years.

The 2015 budget deficit had to be revised to 3.2 percent of GDP from 3 percent after crude oil prices plunged, but that's down from a high of 6.7 percent in 2009 during the Global Financial Crisis, Maybank noted.

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.

But in a recent report, the Congressional Budget Office identified another, more unexpected variable: the impact on the federal deficit.

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.

Martin would be left with billions of dollars in unallocated revenue at the end of each fiscal year, which was first used to narrow the budget deficit, and then went toward the debt.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

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.

«They could choose to spend a part of that, and still have a lower deficit than we have in the budget, financed in part through higher revenues,» Perrault said.