Sentences with phrase «fiscal austerity»

"Fiscal austerity" means reducing government spending and increasing taxes to lower a country's overall debt and bring its finances under control. It is like a financial diet for a country, aiming to save money and avoid further borrowing. Full definition
Even in a time of fiscal austerity, education is more than just an expense.
But that would mean another round of mild fiscal austerity that would weigh on growth.
The unprecedented post-war European economic crisis which began in 2007 and the resulting fiscal austerity policies are generally considered to have had a negative impact on public health.
Thus is the bitter taste of «change,» I suppose, in an age of fiscal austerity.
Opportunity: An era of fiscal austerity in the public sector can be a boon for economics employment there, as federal and provincial departments such as Finance, Industry, Foreign Affairs and the Bank of Canada seek analysts who can work the data.
And last week Credit Ratings Agency Moody's switched its outlook on the UK from «stable» to «negative», citing concern about the impact of fiscal austerity on Britain's growth prospects.
Unfortunately, subsequent G - 20 summits returned to their traditional lethargy and misguided preoccupation with fiscal austerity, monetary normalization, and moral hazard, ending up missing opportunities to accelerate the recovery.
Runaway government spending certainly isn't the path to prosperity, but, as the Greeks would surely tell their Mediterranean brethren, neither are brutal fiscal austerity measures.
And internationally, debt - ridden economies are subject to pressure from inter-governmental institutions such as the IMF and European Central Bank to impose fiscal austerity on their labor force, cut back public spending and even sell off public enterprises.
Perhaps no other governor has caught the zeitgeist of fiscal austerity as well as New Jersey's Chris Christie.
We also anticipated gains on the demand side from a 50 % drop in the price of oil and less fiscal austerity from the likes of Japan, Europe, China and India.
It is the reaction to the downgrade, with the possibility of extreme fiscal austerity tanking the economy, that has the market spooked.
Grillo, in his popular blog, laid into Merkel for imposing German - style fiscal austerity on Italy.
«Their numbers aren't so bad, but to continue those policies without enacting a relatively strong fiscal austerity program is going to cause problems.»
In the July Federal Open Market Committee minutes (pdf), released yesterday, the Fed appeared to highlight four major snags that could convince it to stay put beyond September: signs that rising interest rates are hurting the housing recovery; weakness in the labour market; trouble in the global economy; and more fiscal austerity.
The Republicans forced unprecedented fiscal austerity on the economy.
Among them: Greeks would not take adequate structural reforms to spur growth, they would not sell enough of their assets to repay their debt, and they were unable to undertake sufficient fiscal austerity.
What Europe's voters and its central bank are coming to recognize is that unremitting fiscal austerity measures are the wrong prescription for what ails the European economy.
They urge Europe to cast aside fiscal austerity and spend more, which would be a pretty tricky thing to do.
Yes indeed, fiscal austerity does offset (but not completely negate) the effectiveness of quantitative easing.
More difficult and less successful were the concerted efforts, from 2010 onwards, to couple fiscal austerity with structural adjustments between trade surplus countries (exporters such as China and Germany) and trade deficit countries (importers such as the US and Italy).
With the Chancellor's 2016 Autumn Statement formally burying the previous «austerity» target of achieving a budget surplus by 2020 and instead adopting a new, more expansionary fiscal rule, how does the recent era of fiscal austerity compare with major fiscal squeezes of the past?
And again the most recent fiscal squeeze seems to fit a trend in which increases in tax revenue have played a smaller part in fiscal austerity packages in the UK over the last 30 years than in earlier periods.
In government, with the publication of the October 2010 spending review, the Liberal Democrats discovered their overriding commitment to fiscal austerity meant this change was deemed unaffordable.
And the simplest explanation illustrating the stupidity of the GOP's demand for fiscal austerity NOW (as we wallow in a recession) comes straight from any introductory economics course.
Actually, fiscal austerity makes us particularly vulnerable to cyclical downturns.
Fiscal austerity stemming from state budget shortfalls is becoming a «new normal,» they state, and «if not thoughtfully considered, budget - balancing decisions could damage learning opportunities for schoolchildren.»
Obama administration officials have said the budget, which is to be unveiled Feb. 1, will emphasize fiscal austerity.
The Center's Shelby Cosner, PhD, faculty affiliate of educational policy studies from the UIC College of Education, argues overcoming fiscal austerity is the greatest moral imperative principals face:
Center faculty affiliates argue urban principals face a great moral imperative in navigating fiscal austerity.
«A new normal of public - sector fiscal austerity is emerging.»
«We must remember that despite times of fiscal austerity Australia is enormously wealthy nation with very high standards of health and life expectancy.
The bank now believes that «the economic recovery will be slower than originally thought, in part because fiscal austerity measures and tight credit conditions are taking a greater - than - expected toll on economic activity».
Rather than helping to wrestle down budget deficits, brutal fiscal austerity measures are actually choking the life out of much of Europe's economy.
Mario Draghi is lashing out against the German passion for fiscal austerity and labor restructuring, but the ECB President seems to forget the golden rule: He who has the gold makes the rules.
The European Union (EU) added more megawatts of wind in 2012 than it did natural gas, coal, or nuclear, even as fiscal austerity measures cut renewable energy incentives.
Clearly, the imposition of fiscal austerity in Greece by the IMF, EU Commission, and ECB has failed.
The research, by Dr Nikolaos Antonakakis and Professor Alan Collins at the University of Portsmouth, is the first to examine the direct impact of fiscal austerity on suicide rates in any country.
If Oliver were a provincial finance minister, his commitment to fiscal austerity would be defensible.
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