Sentences with phrase «expected budget deficit»

Not exact matches

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.

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.

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

It changes numerous deductions and tax breaks and is expected to add $ 1 trillion or more to federal budget deficits over a decade, according to congressional estimates.

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.

Others, like Sens. Jeff Flake and Bob Corker, wavered over the amount by which the bill is expected to raise 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.

For example, if, as expected, the final audited deficit outcome for 2011 - 12 is lower than that estimated in the March 2012 Budget, some, if not all, of this improvement could carry forward into 2012 - 13, thereby resulting in a lower outcome that currently estimated.

However, as noted below, we feel the deficit for 2011 - 12 could come in lower than expected, despite the slowdown in the economy as program expenses were overstated in the June 2011 Budget.

As a result of actions taken in the 1995 and 1996 budgets, and strong global growth, the deficit was eliminated by 1997 - 98, much earlier than everyone expected.

However, the slower - than - expected economic growth in 2013 and the accompanying lower level of nominal income in 2013 - 14 results in a «status quo» (before budget actions) deficit of $ 18.7 billion Subsequently, the status quo budgetary balance is actually lower that forecast in the November 2012 November Update.

The $ 330 - billion spending plan says while several economic indicators such as employment numbers and tax revenues are up, and this year's deficit will likely be lower than expected — there are risks ahead: oil prices are expected to remain low; Canadian exports may remain flat; and «possible U.S. policy actions affecting trade could restrain exports to the U.S. even further,» the budget says.

As noted above, the higher - than - expected deficit outcome for 2011 - 12, compared to the March 2012 Budget forecast, was entirely due to lower - than - expected revenues.

The Federal government is expected to boost the amount it intends to borrow in the coming months, as the Treasury contends with declining tax receipts as a result of the recent corporate and personal tax cuts, as well as widening budget deficits and a Federal Reserve that is slowly reducing its own holdings of government bonds.

Or for that matter why did the Government make a commitment to introduce balanced budget legislation when the deficit is disappearing faster than expected?

For 2010 - 11, we expect the deficit to be at around $ 35 billion, based on our reading of the monthly result (See «Deficit Expected to be at Least $ 5 Billion Better than Forecast in 2011 Budget: May 2011: www.3dpolideficit to be at around $ 35 billion, based on our reading of the monthly result (See «Deficit Expected to be at Least $ 5 Billion Better than Forecast in 2011 Budget: May 2011: www.3dpoliDeficit Expected to be at Least $ 5 Billion Better than Forecast in 2011 Budget: May 2011: www.3dpolicy.ca).

As indicated in the March 2011 Fiscal Monitor, the Department of Finance expects the deficit for 2010 - 11 to be somewhat lower than forecast in the March 2011 Budget and indicated that it would provide an update in the June 6, 2011 Budget.

After 2011 - 12, PBO expects the deficit to be higher than the budget forecast in each year.

The PBO expects the deficit to be somewhat lower in both 2010 - 11 and 2011 - 12 than those projected by the Minister of Finance in his March 2011 Budget.

In the March 2013 Budget, the deficit is expected to decline by $ 7.2 billion for the year as a whole.

In the March 2013 Budget, the deficit was expected to decline by $ 7.2 billion for the year as a whole, from $ 25.9 billion to $ 18.7 billion.

While I'm not persuaded by the argument that Canada needs countercyclical Keynesian deficit spending (I think we're already out of recession), I do know what fiscal policy I would consider worse: arbitrarily cutting spending in a weak economy to balance the budget in light of a revenue shortfall stemming from lower than expected nominal GDP.

Madrid expects the economy to contract 1.7 % this year, and euro - zone finance ministers agreed Monday to relax Spain's budget deficit targets to 6.3 % of gross domestic product in 2012 instead of 5.3 %, down from a deficit of 8.9 % last year.

The bottom line is that after the prolonged tax giveaway exacerbates the federal budget deficit — along with the balance - of - payments deficit — we can expect the next Republican or Democratic administration to step in and «save» the country from economic emergency by scaling back Social Security while turning its funding over, Pinochet - style, to Wall Street money managers to loot as they did in Chile.

Budget 2018 - 19 expects a deficit of $ 19.4 billion for 2017 - 18 and forecasts deficits for the next five years, without any timeline to balance the bBudget 2018 - 19 expects a deficit of $ 19.4 billion for 2017 - 18 and forecasts deficits for the next five years, without any timeline to balance the budgetbudget.

Chapman expects it will develop into a prolonged recession caused largely by the bursting of the housing bubble and the weakness in the dollar attributable to the United States» large federal budget deficit and international trade imbalance.

However, to the surprise of no one except the government, about two months later, the January 2009 Budget forecast deficits of about $ 30 billion for both 2009 - 10 and 2010 - 11, with the budget not expected to return to a surplus until 2013Budget forecast deficits of about $ 30 billion for both 2009 - 10 and 2010 - 11, with the budget not expected to return to a surplus until 2013budget not expected to return to a surplus until 2013 - 14.

On fiscal policy, little needs to be said other than that Australia has a very low underlying budget deficit by world standards and is expecting a surplus next financial year.

A combination of reserve drawdowns and domestic debt are expected to continue funding Saudi's budget deficit, which bankers estimate will reach $ 100bn this year.

It is expected that, in the upcoming Update, the deficit for 2016 - 17 will be lower than that forecast in the Budget, but that it will be higher in each year thereafter.

The lower - than - expected deficit outcome for 2010 - 11, compared to the June 2011 Budget estimate, resulted from both higher revenues (up $ 1.5 billion) and lower program expenses (down $ 1.2 billion).

The deal is expected to add around $ 320 billion to the deficit over a decade, according to estimates by the Committee for a Responsible Federal Budget.

We can expect to inherit plans for further deep cuts to departmental budgets at a time when the deficit will still be very large and the national debt rising.

The federal government's annual budget deficit is set to widen significantly in the next few years, and is expected to top $ 1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office released yestbudget deficit is set to widen significantly in the next few years, and is expected to top $ 1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office released yestBudget Office released yesterday.

Cuomo is seeking a third term this year and with the Legislature must close a $ 4 billion budget deficit by the end of March, when the budget is expected to pass.

Details of the expected revenue from the bond is not yet disclosed but officials said they expect significant bridging of the 2016 budget deficit which has exceeded the initial N2.2 trillion estimate.

The budget deficit in IMF's article four is projected to be 3.8 %, so ladies and gentlemen, next year, let us be assured that there is going to be «ahutsere» — severe austerity equivalent to 1983; you should expect that,» he stressed.

As your constituent, I hope and expect you will actively support spending cuts to close the $ 10 billion budget deficit — no new taxes, fees, or borrowing to balance.

Despite the mutual State of the State boycott between Cuomo and state lawmakers, they will all have to work together eventually on issues like passing the budget, which is expected to have a deficit, and perhaps implementing new laws — to make college tuition free for more students, and allowing ride - sharing services like Uber and Lyft in more places in New York.

In fiscal 2015, the first full budget year for the new mayor, the deficit was put at $ 1.7 billion, or 3.1 percent of expected city revenues of $ 72 billion.

Senate Democratic leaders have delayed consideration of the annual budget resolution until Congressional leaders and the White House agree to deficit reduction package, which is expected to set discretionary spending levels for fiscal 2012 and possibly for future years.

Bloomberg said the city will face another budget deficit next year and residents should expect to see city agencies pared down.

New York's expected budget gap is growing larger — a more than $ 4 billion deficit heading into the next fiscal year now poses a challenge for Governor Andrew Cuomo and state lawmakers as they prepare to run for re-election.

The state faces an estimated $ 4.5 billion deficit that must be closed in a budget expected to pass by March 31, the final day of the state's fiscal year.

someone that refuses to sign a budget because it isn't balanced looks more reasonable than someone that refuses to sign a budget because he wasn't given the level of deficit spending that was requested or expected.

While striking a budget deal is always politically challenging, this year's spending blueprint is expected to be especially difficult, thanks to a $ 4.4 billion budget deficit.

As budget season kicks off, officials expect the Syracuse City School District to have a deficit of $ 24 million next year.

But despite the mutual State of the State boycott between Cuomo and state lawmakers, they will all have to work together eventually on issues like passing the budget, which is expected to have a deficit, and perhaps implementing new laws — to make college tuition free for more students, and allowing ride - sharing services like Uber and Lyft in more places in New York.

In a related development, government is expected to miss out on end of year budget deficit of 5 percent which the Finance Minister attributed to the challenge to revenue shortfalls, slow foreign exchange inflows and gas supplies from jubilee FPSO.

Gov. Andrew Cuomo is in Albany, where he will be delivering his executive budget at 1 p.m. at the State Museum — a proposal that is expected not to include a lot of good news news to a multibillion dollar deficit and funding cuts from Washington.