Sentences with phrase «financed public deficit»

Not exact matches

By transferring to the private sector ownership of Canada Post, the federal government can eliminate a major drain on public finances and move closer to the goals of eliminating the fiscal deficit and paying down public sector debt.

France, for example, is expected to exit this year the European procedure for «excessive deficit» for the first time in a decade as its public finances come within the rules.

«When the public finances» deficit and the prospects of a worsening state debt threaten the future of France and Europe and when the government is asking everybody for solidarity, it seems necessary for us to contribute.»

But there is no need for political clashes to convince large trade surplus countries in East Asia to keep more of their hard - earned savings home - instead of financing deficits of much richer countries - to improve their infrastructure and public services.

Finance Minister Jim Flaherty, Treasury Board President Tony Clement and International Trade Minister Ed Fast are expected to retain their portfolios, according to government sources, as the Conservatives work to eliminate the deficit, re-engineer the public service and conclude major trade agreements in time for the 2015 federal election.

Given the massive give away in tax cuts by Harper, I truly do not see how Canadians can expect to have the level of traditional public goods and services without some form of medium term deficit financing.

The IMF had recommended that G20 governments finance this initiative through deficit financing and borrowing, arguing that with historically low interest rates, «efficient» public infrastructure could easily pay for itself.

Until more details are provided by the Department of Finance and / or contained in the upcoming Public Accounts, it is difficult to assess what impact the higher - than - expected deficit outcome for 2011 - 12 will have on the deficit outcome for 2012 - 13 and future years.

The only time this has happened in history for a three year period or more was during World War II, when we were obviously printing enough money to finance a lot of deficit spending on infrastructure and public programs.

Although the Department of Finance contents that the deficit impact of this initiative is neutral, both «other revenues» and public debt charges are affected by this initiative.

Without the inflow of Chinese funds and the trade deficit, we could finance more public spending from the higher taxes on higher GDP.

The key argument of leading «salt water» Keynesian economists like Paul Krugman, Joe Stiglitz and Larry Summers is that governments can and should drive faster growth through deficit financed public infrastructure investment, which would boost short - term growth and also raise productivity and longer term growth prospects.

Prime Minister Justin Trudeau and some of the provinces were able to offset the commodity - price crash of 2014 - 15 with deficit spending because Canada's public finances were in excellent shape.

This is sound policy as far as it goes, but the question arises as to how to finance significant deficits over a period of time without unduly increasing the public debt burden.

We are in no danger of a public - finance - driven deficit - debt spiral, and we should simply dispense with anecdotes from previous eras as solid guides for policy today.

However, the Liberal platform also envisaged temporary deficits to finance higher spending on social programs such as child benefits, a higher Guaranteed Income Supplement for single seniors, public health care, child care and First Nations programs, and did not increase overall federal tax revenues.

During the election, many mainstream economists such as David Dodge, Don Drummond and former deputy minister of Finance Scott Clark argued the strong case for deficit financing of productive public investments at a time of economic stagnation and very low interest rates.

 The Harper government's decision last year to write off every penny of the auto aid and thus build it all into last year's deficit calculation (which I questioned at the time as curious and even misleading) has already been proven wrong. Since the money was already «written off» by Ottawa as a loss (on grounds that they had little confidence it would be repaid — contradicting their own assurances at the same time that it was an «investment,» not a bail - out), any repayment will come as a gain that can be recorded in the budget on the revenue side. Jim Flaherty has learned from past Finance Ministers (especially Paul Martin) that it's always politically better to make the budget situation look worse than it is (even when the bottom has fallen out of the balance), thus positioning yourself to triumphantly announce «surprising good news» (due, no doubt, to «careful fiscal management») down the road. The auto package could thus generate as much as $ 10 billion in «surprising good news» for Ottawa in the years to come (depending on the ultimate worth of the public equity share).

The Blair / Brown economic legacy was one of under - investment in key infrastructure, notably transport and energy; a continuing decline in manufacturing contributing to a structural balance of payments deficit; an accelerating regional economic divide; and a speculative property and construction boom financing public and private consumption through highly leveraged government and household debt.

An own goal because falling living standards, low growth and higher inflation — at a very high personal cost to communities and people — has also been toxic for the public finances and thrown deficit reduction wildly off course.

Our aim is to reduce the structural deficit — the permanent hole in our public finances that won't be repaired as the economy recovers.

The deficit reduction programme takes precedence over any of the other measures in this agreement, and the speed of implementation of any measures that have a cost to the public finances will depend on decisions to be made in the Comprehensive Spending Review.

The first is to eliminate the structural deficit in the UK public finances and return them to surplus.

In doing so, they are heeding Boris Johnson's calls for a «citizen's wealth fund»: last October, London's mayor proposed pooling some of the UK's 39,000 public pension funds into a single investment fund large enough to reduce the country's dependence on foreign investment and close its infrastructure financing deficit.

For Labour that meant putting the deficit front and centre in a bid to show that the party can be trusted with the public finances.

This is the conclusion of my paper, Free Universities, that the government's claim that «our student finance reforms will deliver savings to help address the large Budget deficit we were left» was disingenuous at best and that in fact the public spending crisis was used as an excuse to private higher education.

«We are thankful for the fiscal discipline in the management of our public finances which resulted in the government attaining its budget deficit target.

Adeosun explained that the policy was expected to «Increase exposure of financial or financial related crimes; support the fight against financial crimes and corruption; improved level of public confidence in public entities; enhance transparency and accountability in the management of public funds; improve Nigeria's Open Government Ranking and Ease of Doing Business Indicators; and recover public funds that can be deployed to finance Nigeria's infrastructure deficit.»

George Osborne faced serious questions about his deficit reduction plan after unexpectedly bad figures for July showed public finances plunging into the red.

His deficit - cutting drive has been dealt a blow with new figures showing the worst October for the public finances in six years.

Some 94 per cent believe that the deficit in the public finances should be tackled more by cutting spending than raising taxes, while only 2 per cent disagree.

The firm's head of sovereign ratings, David Riley, said: «Fitch's preliminary assessment of today's Budget is that it sets out an ambitious deficit reduction path that, if delivered upon, will materially strengthen confidence in UK public finances and its «AAA» status.»

As a result, the government adopted stimulus measures that worsened the public finances and increased the deficit and the debt.

Labour should have done more to defend its own record though — the high deficit being due to the global financial crisis rather than mismanagement of public finances, for instance.

The IFS said that for all the Conservatives» warnings about public finances, Labour would meet its target to eliminate the deficit on day - to - day spending with # 21bn to spare.

Their own audit of Scotland's public finances confirms they would have struggled from the start with a fiscal crisis under the burden of the highest budget deficit in the western world.

Despite entering the crisis with a low level of public debt — roughly 40 % of GDP — and a moderate deficit compared to many European nations, the UK's ability to take discretionary fiscal action was limited by the burden of bank bail - outs on public finances.

He said «a key element in raising the national saving rate is the elimination over time of the structural deficit in the public finances».

Chancellor George Osborne has said he has now «found» the # 12 billion of welfare savings promised in the Tory election manifesto as part of the party's plan to eliminate the deficit in the public finances.

In its main leader The Times (#) says that Miliband «now has to disavow his own campaign, which set out unserious positions on banking, capitalism and the deficit in the public finances».

«Being fiscally responsible means telling people how you are going to rebalance the public finances both through spending and taxation to make sure that the deficit that we have taken on through the recession is managed responsibly.

We need not look far across our own continent to see that action to tackle our budget deficit is both urgent and necessary, and this is only the first step in a long road to restoring good management of our public finances.»

And they were more likely to engage in deficit financing, which tends to conceal the true cost of government spending from the public.