However, economic growth will remain constrained by various headwinds, such as a potential spike in oil prices due to tension in the Middle East; an expected decline in net exports from the global slowdown; and an expected increase in fiscal drag, including the fading of
federal spending from the stimulus and a decline in defense spending for operations in Iraq and Afghanistan.»
Those options could include direct investment or some kind of financial backstop to the project, as the Alberta government says it's prepared to make, or withholding discretionary
federal spending from British Columbia to punish the provincial NDP government for delaying its own permits and threatening more court challenges to the project.
In May the President released a budget proposal to cover
federal spending from October 1, 2017 through September 30, 2018.
Not exact matches
Poloz indicated in his statement that the prospect of a big
spending push by the
federal government caused the committee to move away
from its intention to cut interest rates.
What will come of Trump's promise to turn a $ 200 billion
federal government investment into $ 1.5 trillion in infrastructure
spending, with the rest coming
from the private sector?
The February
federal budget deal, meanwhile, hikes outlays in both of the two categories of «discretionary»
spending, defense and
federal programs
from foreign aid to housing subsidies, by an unprecedented 12 %, or $ 150 billion a year in 2018 and 2019.
Child bonuses
from the
federal government in 2015 appear to have been saved, not
spent.
From the start of 2020,
federal payments to the states would no longer rise in lock - step with state
spending, no matter how fast that
spending might wax.
Put simply, the whole purpose is stop ObamaCare
from driving future
federal budgets to far higher levels of
spending, and even deeper and more disastrously into the red.
In a February address to Congress, Trump called for a $ 200 billion
federal investment intended to spur at least $ 1.5 trillion in
spending from state and local governments over 10 years on roads, bridges, ports and other projects.
Two decades later, they
spent $ 1.1 billion to buy seven buildings
from the
federal government (then promptly leased them back to the feds).
And the other main source of economic growth over the next couple of years will come
from government
spending, led by the
federal government's infrastructure program.
The tax cut and excess
federal spending may boost some areas of the economy, but thus far, it has not produced anything more than a modest boost in capital
spending (most of it
from capital intensive technology companies) but a surge in stock buybacks and dividend increases, Apple being a case in point.
The Canadian Media Guild (which also represents unionized workers at The Canadian Press) worries the new money
from the
federal government wasn't a reinvestment in the CBC so much as
spending on companies producing CBC programming.
The
federal Liberals came to power a year ago in large part on their promise to invest $ 120 billion in infrastructure over the next decade, essentially doubling Ottawa's
spending from the previous 10 years.
Two weeks after Redford's remarks,
federal Finance Minister Jim Flaherty told reporters lower government revenues follow
from lower commodity prices like «night follows the day,» meaning a hard line of
spending as he approaches his own coming budget.
The Trump administration is preparing to release an infrastructure plan in the coming weeks that reportedly includes at least $ 200 billion in
federal spending that would jumpstart investment
from the private sector, and state and local governments.
But Trump's assertion that the
federal government must start a bidding process for drugs in order to control prices and
spending could very well invite similar criticisms
from political opponents and the well - funded drug industry.
ALBUQUERQUE, N.M. — A plan to temporarily store tons of
spent fuel
from U.S. commercial nuclear reactors in New Mexico is drawing fire
from critics who say the
federal government needs to consider more alternatives.
For one,
federal spending cuts are also likely weighing on state and local government hiring — as about 25 % of their funding comes
from Washington.
In the months that followed, the industry persuaded Georgia Congressman Tom Graves, whose district includes the syndication hotbed of Rome, to slip a rider into the
federal appropriations bill that would bar the IRS
from spending money to enforce the listing notice.
Ontario has the lowest per - capita program
spending among provinces and the lowest total government revenue per person among all Canadian provinces, including funding
from federal transfers.
[4] We used Peterson - Kaiser Health System Tracker's average out - of - pocket
spending per capita as of 2015 and the estimated average credit card APR of 14.87 %
from the
Federal Reserve Bank of St. Louis.
Moen noted Sessions» action doesn't change
federal law, which includes a congressional provision barring authorities
from spending federal money to prosecute medical marijuana operations that abide by state laws.
Medicaid is an entitlement program, and therefore there is no fixed amount of
federal Medicaid
spending to be reallocated
from state to state.
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.
They are definitely not interested in more infrastructure
spending, arguing the
federal government is already doing enough, despite pleading
from the provinces and municipalities that much more is needed.
Overseas military
spending obliged the
Federal Reserve to raise interest rates to borrow abroad to prevent the dollar's exchange rate
from declining.
In fiscal year 2015, Americans
spent a jaw - dropping 9.78 billion — yes, billion — hours complying with
federal rules and regulations, according to a recent report
from the Office of Management and Budget (OMB).
What is emerging is a widening «fiscal divide» between a
federal government with its diminished size and sound finances, and provincial governments with growing fiscal imbalances resulting
from growing
spending pressures (e.g., for health, education, infrastructure) and slowing economic growth and revenue growth.
In fact, according to the
Federal Reserve Bank, business owners
spend on average 33 hours searching and applying for credit
from traditional sources — with no guarantee of approval.
CBO projects Social Security will grow
from 4.9 percent of GDP in 2017 to 6 percent by 2027,
federal health
spending will grow
from 5.4 percent to 6.9 percent, and interest will grow
from 1.4 percent to 2.9 percent.
As a share of GDP, program
spending for the
federal government is at a very low level compared to previous years, dating
from the middle of the last century.
OTTAWA — The
federal government is announcing a slight change to its plan to streamline the
spending - approval process into a single $ 7 - billion vote after complaints earlier this week
from the parliamentary budget watchdog.
Infrastructure, we're going to start
spending on infrastructure big, said Donald Trump days before he unveiled his $ 1.5 trillion infrastructure budget proposed by his administration, but as economists have pointed out, Trump's proposed budget requests only $ 200 billion in
federal funds and slashes billions in transportation funding, billions more
from water, energy.
In addition,
federal spending as a percentage of GDP has climbed
from 20.8 % in 2008 to 24.3 % last year.
In fact, by 2028 — just 10 years
from now — the
federal budget will
spend more on interest payments (about one trillion dollars per year) than on defense (currently about $ 800 billion total).
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.
Breaking the GDP report down, we see that in addition to overall modest strength in the economy (growth was still off
from the fourth quarter's 2.9 %), the upturn was helped individually by positive contributions
from nonresidential fixed investment, exports, private inventory investment,
federal government
spending, and state and local government
spending.
There were several possible catalysts suggested for this spike in concerns about a favorable outcome of the debt ceiling negotiation, which has to be concluded ahead of the Treasury's X Date, now expected as early as October 1: some cited Steven Mnuchin's interview on CNBC, in which the Treasury Secretary said that the additional
spending needed to help Texas recover
from Hurricane Harvey may reduce the amount of time Congress has to increase the
federal debt limit; another possibility was month - end liquidity needs and relative positioning across the curve.
According to the Main Estimates, tabled by the President of the Treasury Board, on June 3rd, along with Supplementary Estimates A,
spending by the
federal government for 2011 - 12 is forecast to be $ 252.8 billion representing a DECLINE of $ 14.1 billion
from spending in 2010 - 11.
-- Member of Parliament David Yurdiga «The
federal government thinks that it is acceptable to run a $ 30 billion deficit and
spending billions on foreign aid and international climate change projects, as well as on newcomer settlement programs all the while cutting over $ 100 million
from the three northern territories over the course of the next five years.
Ambrose said emulating the process that saw the
federal Conservative party come together
from the
federal PCs and the Canadian Alliance is a necessity on the provincial level to defeat Premier Rachel Notley's government, which she castigated for raising taxes and not controlling
spending.
-- Wednesday,
Federal Reserve chair Janet Yellen, European Central Bank president Mario Draghi, and Bank of England governor Mark Carney take part in a panel discussion at an ECB forum in Portugal; Wall Street will also pay attention to May pending home sales, May personal
spending figures, and earnings news
from General Mills, Monsanto, and Pier 1.
Statement by the Honourable Doug Black Ottawa, April 8, 2018 — Alberta Elected Senator Doug Black issued the following statement following Kinder Morgan's announcement of their suspension of non-essential
spending on Trans Mountain Expansion Project: «I am shocked and deeply disappointed for all Canadians by the lack of action
from the
Federal Government which has brought us to this brink.
The
federal government
spent about $ 277 billion on relief aid
from 2005 to 2014, responding to natural disasters like Harvey, according to a 2016 report
from the
federal Government Accountability Office.
These included the introduction of the Canada Child Benefit and the restoration of the age of eligibility for
federal pensions to 65
from 67, coupled with increased infrastructure
spending in the March 2016 Budget.
I mean, he was aware that there were hazards here, that if we didn't get the bond market rally, if we didn't get cooperation
from the Fed [
Federal Reserve Board]-- and the Fed, remember, is very independent and Alan Greenspan was not known to be a Democrat — if that didn't happen, there was a hazard that you raise taxes and cut
spending and the economy is not that strong anyway, and you wind up with a recession.
Social welfare
spending constitutes a small part of the
federal budget, but the decrease in tax revenues that would ensue
from this proposal appears rather large.
The
Federal Nuclear Waste Policy Act has mandated that deep - mine disposal of high - level radioactive effluent and
spent fuel rods
from nuclear reactors commence by 1998, but states with proposed geological sites are screaming foul.