Sentences with phrase «federal budget surplus»

A federal budget surplus of $ 13.6 billion (as at 30 June 2005) suggests that resource availability is not the issue.

Further, we have a historically large federal budget surplus, which could be used to fund dramatic improvements in Aboriginal and Torres Strait Islander peoples» health status.

OTTAWA — As last autumn's colours were setting in, veteran Ottawa lobbyist Dan Kelly was confident the spring would produce a federal budget surplus with ample room for announcements.

Federal Reserve Chairman Alan Greenspan — in the face of new, higher estimates of federal budget surpluses — added to the momentum in late January when he testified before the Senate in support of tax cuts.

Not exact matches

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

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.

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.

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

With $ 17 billion in federal funds, the new plan covers a six - year period and projects a budget surplus

Federal budget season seems like a fine time to take a trip far, far away from Australia and the endless politicking over those elusive surpluses.

Despite the fact that economic growth for this year is now forecast to be substantially lower than that expected at the time of the April Budget, Mr. Oliver is still confident that the federal government will record a surplus in 2015 - 16.

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

As the president's last budget director, he helped engineer the only federal surplus to be recorded over a span of almost 40 years.

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].

The U.S. media are silent about the most important topic policy makers are discussing here (and I suspect in Asia too): how to protect their countries from three inter-related dynamics: (1) the surplus dollars pouring into the rest of the world for yet further financial speculation and corporate takeovers; (2) the fact that central banks are obliged to recycle these dollar inflows to buy U.S. Treasury bonds to finance the federal U.S. budget...

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.

After inheriting a surplus the government immediately cut the GST by two points, and in doing so created a structural deficit and an unsustainable fiscal situation, which then required significant spending cuts in the 2010, 2011 and 20012 budgets in order to put the federal finances back on a sustainable path.

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?

The federal government is on track to achieve its target debt - to - GDP ratio of 25 per cent by 2021, evidenced by projected surplus budgets in the very short term.

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.

The shift to budget surpluses at the federal level has raised public saving, so that the US national saving rate has been relatively constant in recent years.

Both studies concluded that the federal finances were sustainable, with the budget in surplus in or before 2045, not a bad starting point for planning the 2018 budget.

The statistics office also said that the public sector, which includes the federal government, regional states, municipalities and social funds, posted a record budget surplus of 38.4 billion euros, or 1.2 percent of GDP, in 2017.

Now, under Cuomo's new budget plan, roughly $ 850 million out of a $ 5.4 billion surplus — generated by nearly a dozen major financial settlements finalized last year — would be set aside in reserves to settle «federal risks.»

Texas has a state budget surplus because it mooches off the federal tax dollars generated by NY, CA, MA and IL.

Not surprisingly, with an election just around the corner and budget surpluses forecast for years to come, the 2015 federal budget delivered plenty of goodies for the personal finances of Canadians.

A true summer Friday is expected as the only release for the day will be June's monthly U.S. Treasury Federal Budget Debt Summary number which is surveyed to be an $ 80 billion surplus.

* This evaluation is based on a well - established pattern of budget surpluses at the federal level, except during exceptional circumstances such as the financial crisis, leading to declining government debt and debt ratios since the 1990s

When President Bush took office, the federal budget had a surplus ($ 128 billion in 2001).

A budget surplus of $ 13.6 billion as at 30 June 2005 at the federal level suggests that resource availability is not the issue.

Clinton charged that the bill would squander the federal government's budget surplus, mainly for the benefit of wealthy households.

With the federal government projecting a budget surplus for the first time in years, lawmakers are confronted with an unusual problem: how to spend (or not spend) the money.