Sentences with phrase «federal budget balance»

Not exact matches

found in the Federal Balanced Budget Act.

We aim to create 25 million new jobs over the next 10 years, secure Social Security and Medicare for the next 75 years, balance the federal budget by 2030, and make America energy - secure by 2024.

Balanced - budget law allows the federal government to run a deficit when recession looms.

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.

Budget 2015 left very little margin for error when it came to balancing the books, with a projected surplus of $ 1.4 billion plus an additional $ 1.0 billion as a contingency reserve, giving the federal government a $ 2.4 billion margin for error.

He oversaw the $ 40 - billion fiscal stimulus package that helped the Canadian economy weather the financial crisis, then guided the federal budget back toward balance.

Now that conservatives complained about the $ 1.3 trillion catchall spending bill — which blew through previous budget limits by $ 300 billion over this year and next, House GOP leaders have scheduled a vote this week on a proposed amendment to the Constitution to require a balanced federal budget.

He favors passing a balanced budget amendment, as well as giving Congress audit authority over the Federal Reserve.

The legislation, called PROMESA, would create a federal oversight board to help Puerto Rico governments balance their budgets, improve financial reporting and facilitate debt restructuring when voluntary agreements between creditors and borrowers can not be reached.

The boom years for employment and balanced federal budgets in the 1990s had everything to do with the emergence of the Internet rather than with any enlightened economic policies.

Now that Puerto Rico's Governor Ricardo Rosselló has introduced a fiscal proposal that will cope with the island's debt and balance the budget, and our decisions are being disciplined by a federal fiscal control board, we need to start thinking about what it will take to create a sustainable economy where more companies like Señor Paleta can grow.

It predicted there's approximately a five per cent chance the federal budget will be balanced or will show a surplus in 2020 - 21.

And so we come to the federal Conservatives» promise to balance the budget by 2015.

We're now approaching the end of that «next term,» and the budget is pretty close to being balanced, so we're now seeing increased attention to TFSAs as we get closer to the 2015 federal budget.

«It remains the government's plan, intention, to balance the budget prior to the next federal election,» he said at a press conference in Quebec City.

Ottawa should set out a path back toward balance to inspire confidence among savers and investors, says the C.D. Howe Institute's annual Shadow Federal Budget.

Even when announcing in November that the federal deficit would come in at $ 26 billion, $ 5 billion higher than predicted in the 2012 budget, the minister couldn't resist gloating: «Unlike many of Canada's counterparts in the G7, we remain on track to return to balanced budgets over the medium term.»

The federal NDP adopted its balanced - budget policy during the same era of budget surpluses.

Once the federal government achieved a balanced budget, that interest rate risk premium quickly disappeared and all levels of government benefited through lower borrowing costs.

That downturn is pushing the federal budget towards deficit, but having rejected deficits outright, the Harper government will have to cut spending to balance its budget, thereby making economic problems worse.

When the federal Liberal government recently released its gender - balanced budget, it was big news.

Jack Layton unveiled the NDP's policy platform today. Among other things, it promises to eliminate the deficit (i.e. balance the federal budget) within four years. I'm not sure it should.

The current monthly results, along with the surprising better - than - expected economic growth for the second quarter of 2014, strongly suggest that the federal government will post a surplus in 2014 - 15, one year ahead of their political commitment to balance the budget in 2015 - 16.

On February 3, 2011, the C.D. Howe Institute released its 2011Shadow Budget [1] entitled A Faster Track to Fiscal Balance, arguing that federal government should undertake aggressive actions to restrain the growth in program expenses in order to achieve a fiscal surpluses one year earlier than forecast in the October 2010 Update [2].

Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.

The federal government is committed to balanced budget legislation.

Canada's economy will not fully recover until 2013 and the federal government will carry a structural budgetary deficit of C$ 19 billion ($ 17.6 billion) after the crisis, a report by the parliamentary budget officer said on Monday... «PBO calculations continue to suggest that the budget is not structurally balanced over the medium term,» the report said.

It would then directly affect the federal government's budget balance.

Chula Vista faced a $ 400,000 deficit this fiscal year, but a $ 1.6 million Federal Emergency Management Agency reimbursement from the January 2017 storm helped them balance the budget.

They argue that, since 2009, the federal government's plans to balance the budget have been based on «risky projections, optimistic forecasts of revenue growth and unrealistic plans for spending restraint», which have resulted in increases in the projected deficit with each successive budget, and the pushing out of the date that the deficit would be eliminated.

In order to show a balanced budget in 2015 - 16, the Government needed to book the sale of the GM shares (net $ 0.9 billion) and changes to federal employees» sick leave entitlements ($ 0.9 billion) in 2015 - 16.

This was not an issue when the federal government was in deficit but became one once the budget was balanced and annual surpluses, larger than forecast, emerged.

Initially sold as a bonus to Canadians for balancing the federal budget, the Conservative Party is now touting the benefit cheques as tonic for a suddenly sputtering economy and as a job - creation plan The government is now touting their recently enhanced universal child - care benefit as tonic for a faltering economy and as a job - creation plan.

Table 2 compares PBO's forecast of the federal budgetary balance to the March 2011 Budget forecast and the reasons for the differences.

Initially sold as a bonus to Canadians for balancing the federal budget, the government is now touting the benefit cheques as tonic for a suddenly sputtering economy and as a job - creation plan.

That is, will the legislation require that surpluses be realized during normal economic times to offset the run up in federal debt during the economic crisis or that only balanced budgets are required?

Some private sector economists expect that the federal budget will be in balance in 2014 - 15.

No balanced - budget legislation has ever existed for the federal government.

For state and local governments, the statutory requirements for balanced budgets meant that fiscal policies turned restrictive relatively quickly once budget surpluses and rainy day funds were exhausted, and this was only temporarily mitigated by federal transfers to the states as part of the initial fiscal stimulus program.

As we approach Budget Day 2011, private sector forecasters are starting to release their projections of the federal budgetary balance.

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

In my recent National Post column, I make reference to some back - of - envelope calculations to the effect that replacing the fiscal anchor of balanced budgets to one of a fixed debt - GDP ratio allows the federal government to increase spending by 1.2 percentage points of GDP, or by about $ 25 billion.

President Donald Trump unveiled a $ 4.4 trillion budget plan Monday that envisions steep cuts to America's social safety net but mounting spending on the military, formally retreating from last year's promises to balance the federal budget.

With the federal budget coming soon, it is also worth recalling that the Liberals promised to run deficits of no more than $ 10 - billion for a maximum of three years, but the government's latest projections peg its annual deficits at almost $ 30 - billion with no timeline for returning to a balanced budget.

The Federal budget released in late March provides modest fiscal stimulus to the Canadian economy during the balance of the year.

«The Long Road Back to Balance: Federal Fiscal Policy Following the April 1989 Budget,» Fiscal Policy Monitor 2, by Maureen Farrow and William B.P. Robson (July).

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.

While these efforts are essential to balancing the federal budget, they will likely have a major negative economic impact.

On the other hand, they set a firm fiscal anchor by saying that they would balance the budget in their fourth year, and reduce the federal debt to GDP ratio from 31 % in 2015 to 27 % in 2019.

In our letter to Minister Morneau, we asked for the Federal Government to develop and communicate a strategy to return Canada to a balanced budget within a reasonable period.