Sentences with phrase «fiscal credibility»

The government is not facing a structural imbalance between revenues and expenditures or a fiscal crisis; and deficit elimination is not a necessary requirement for fiscal credibility.

The upcoming budget must promote economic growth, but it also must establish fiscal credibility.

The main benefit of the expenditure cuts was their contribution to creating fiscal credibility for the government.

This would be acceptable to financial markets and help fiscal credibility.

They would probably give the budget a failing grade in judging its overall fiscal credibility.

Second, is it possible, or even necessary, to eliminate the deficit by 2014 - 15 in order to maintain fiscal credibility?

In order to establish fiscal credibility, we strongly recommend the inclusion of a $ 3 billion contingency reserve in the fiscal framework.

We would assign an «A» grade to the budget for fiscal credibility.

The Independent's Ben Chu has posted a tweet with a very helpful guide to the differences between John McDonnell's new fiscal credibility rule, Ed Ball's one, George Osborne's in the last parliament, and Osborne's now.

They understood that excluding a prudence reserve would not only undermine the credibility of their budgets but also seriously their own fiscal credibility.

In an interview with the Guardian, he described shoring up Labour's fiscal credibility as «the struggle of a generation», but insisted that exerting tight control over spending did not signal the abandonment of Jeremy Corbyn's anti-austerity stance.

These developments have helped maintain Canada's fiscal credibility reputation internationally.

Perhaps this is a result of the fiscal crisis in the mid-1990s and the tough actions that were taken by both federal and provincial governments to restore fiscal credibility.

Balanced Budget Legislation is neither necessary nor sufficient for ensuring fiscal credibility.

Unfortunately, every mooted tax change has to come with the caveats outlined here about fiscal credibility.

The principal task for parties of the Left, therefore, is to secure the mantle of fiscal credibility recognising that much of the credibility so painstakingly established after 1992 has been lost.

It warned: «To preserve the United Kingdom's strong fiscal credibility, any changes in spending should be part of a multi-year plan focused on further reducing the country's large structural fiscal deficit when the economy is stronger.»

This is a good and combative performance by Miliband but answering fiscal credibility 3 weeks before an election is not where you want to be

Ministers claimed the «hard - won fiscal credibility» from austerity has made the UK Guarantees plan, a massive spending project designed to dramatically increase investment in infrastructure and provide major support to UK exporters, possible.

We'd be gambling the priceless fiscal credibility that this government has earned with the international markets on the bet that borrowing a few billion pounds more would make all the difference.

Leaders set out new party agenda in The Purple Book, which details bid to regain fiscal credibility over public spending cuts

Other innovations such as local tax increments and tolling can free up investment without undermining fiscal credibility.

1) Allen has little fiscal credibility to launch critiques on the Obama agenda because of his own voting record.

The government must use its final budget before the election to improve Britain's battered fiscal credibility and to find new ways to help businesses still reeling from the deepest recession in decades, the CBI business lobby group urges.

It confounds perceived Labour weaknesses around fiscal credibility and capacity to take tough choices.

Labour will be under pressure to show that their sums add up at the next election and scrapping plans to spend what is now set to be upwards of # 50 billion on this white elephant would give them significant fiscal credibility (and wiggle room elsewhere).

It's clear we can't leave this job to the shadow chancellor — he's made hardly any effort (nor has Ed Miliband for that matter) to take responsibility for the economic mess we're in, or to develop the policies required to re-gain fiscal credibility.

But his call to borrow more cash to pay for spending on housing and other infrastructure appears to echo Labour's own «fiscal credibility rule», which states that the government should not borrow for day - to - day spending but be prepared use it to fund long - term investment.

The poll also suggested the party's reputation for fiscal credibility had been dented.

He wanted to establish his fiscal credibility come «hell or high water».

Fiscal credibility was restored and the ten - year government bond rate plummeted.

Of course, they never did, for obvious reasons, and by the end of the 1980s, the fiscal credibility of the Finance Department was completely trashed and this was reflected in the risk premiums embedded in ten - year government bond rates.

Why is Minister Flaherty prepared to risk his fiscal credibility on their advice, which has proven so wrong in the past?

The government's fiscal credibility is at stake and so is its political credibility.

The fiscal credibility of a government depends on achieving or doing better on its deficit targets.

A collapse of fiscal credibility will inevitably lead to a collapse of political credibility.

The budget would have no fiscal credibility and no political credibility.

Our assessment of the budget's fiscal credibility is, however, much different.

We have argued in the past that the fiscal credibility of a budget should be judged against four basic principles.

The Finance minister's job is to sell the fiscal credibility of the budget, not to mention his own fiscal credibility, not the spending programs of other Ministers.

Applying the $ 17 billion to productive investments rather than debt reduction would not in any way affect the government's fiscal credibility.

Understating the level of direct expenses, if that is in fact true, would undermine the Government's fiscal credibility.

My main worry remains that this sends the wrong message with regards to fiscal credibility.»

In the end, the fiscal credibility of the government is eroded.

If you want to establish your fiscal credibility, your first step must be to be honest and realistic about your economic and fiscal prospects.

Every time the Finance Minister says he will balance the budget by 2019 - 20, his fiscal credibility evaporates just a little bit.

«I say this because the fiscal credibility we earned before 1997 was hard won and we must win it back by the time of the next general election,» he explained.

Taking the fiscal credibility point first, the cost to the Exchequer of changing the standard rate of VAT by one per cent is approximately # 5bn a year (in other words, reducing the rate from 20 per cent to its previous 17.5 per cent would cost in the region of # 12.5 bn).

Indeed it is our fiscal credibility that has created the space for the Bank of England to undertake QE on a large scale.