Sentences with phrase «fiscal deficit budgets»

Not exact matches

The PQ has laid out plans to reduce that pesky deficit as well, stating the government would balance the budget by the 2015 - 2016 fiscal year.

The economy is really being supported — this isn't just in the United States, it's in Japan, the ECB and Britain — the economy is being supported by quantitative easing that is allowing for a massive budget deficit and money printing exercises to go on... As you address the fiscal problems, you are going to have weak economic growth.

«This should be coupled with maintaining the fiscal adjustment to reduce the level of budget deficit, reforming the banking system, especially banks who are facing difficulties, and allow the private sector to grow,» Azour said.

After some early, desultory efforts, Martin found his footing and reeled out a handful of budgets built around themes such as deficit fighting, education, innovation and tax reduction that set the country on sound fiscal footing and gave it political direction and policy focus for the better part of a decade.

That's why the deficit - fighting measures in this budget are not aimed at fiscal prudence, but at preparing the political landscape.

Deficits will probably reach $ 1 trillion in the current or next fiscal year, almost double what the Congressional Budget Office had projected less than a year ago for 2018.

The Congressional Budget Office predicts that for fiscal 2009 the deficit will be US$ 1.6 trillion, or 11.2 % of GDP — a crippling magnitude last witnessed during the Second World War.

U.S. budget: The group expects continued improvement in the federal deficit, which it sees shrinking to $ 460 billion next year from $ 483 billion in fiscal year 2014

Martin would be left with billions of dollars in unallocated revenue at the end of each fiscal year, which was first used to narrow the budget deficit, and then went toward the debt.

And the Congressional Budget Office projects a deficit of $ 642 billion for fiscal year 2013, that's down $ 200 billion, reports CNBC's John Harwood.

The best fiscal rules are more flexible, promising to keep the structural deficit in check, for example, or pledging to balance the budget over a number of years.

Ontario's Budget 2014 projected a $ 12.5 billion deficit for fiscal year 2014 - 15.

The deficit for the current fiscal year that ends in two weeks is projected to be $ 25.9 billion — exactly as forecast in the fall fiscal update but up significantly from the $ 21.1 billion posited by Flaherty in last March's budget.

The Byrd rule also prohibits initiatives that would increase the deficit beyond the fiscal years covered by the budget resolution.

As reported in the Annual Financial Report for fiscal year 2011 - 12, the deficit for In 2011 - 12 was $ 1.4 billion higher than estimated in the March 2012 Budget.

The budget deficit would have grown to more than 20 percent of GDP, about double its actual peak of 10 percent, topping off at $ 2.8 trillion in fiscal 2011.

For the government sector, large federal budget deficits are a constraint and fiscal policy is slowly shifting from an expansive policy back toward restraint.

This forecast was reduced by $ 1.3 billion to a deficit of $ 31.0 billion in the November 2011 Update of Economic and Fiscal Projections and by a further $ 6.1 billion to a deficit of $ 24.9 billion in the March 2012 Budget.

Posted by Armine Yalnizyan under budgets, Conservative government, deficits, federalism, fiscal federalism, global crisis, housing, IMF, income distribution, income tax, inequality, macroeconomics, OECD, public infrastructure, Role of government, StatCan, stimulus, taxation, TFSA, World Bank.

It is probably no coincidence that the release was on the same day as the release of the Parliamentary Budget Officer's «An Update of the Budget 2015 Fiscal Outlook», which forecasts a deficit of $ 1.0 billion for 2015 - 16.

The massive and multifaceted policy responses to the financial crisis and Great Recession — ranging from traditional fiscal stimulus to tools that policymakers invented on the fly — dramatically reduced the severity and length of the meltdown that began in 2008; its effects on jobs, unemployment, and budget deficits; and its lasting impact on today's economy.

Conversely, Ontario, which has by far the largest deficit and debt, managed at least to keep its fiscal shortfall below what it said it would be in its 2012 budget, at nearly $ 12 billion rather than nearly $ 15 billion).

Lo, Alberta's budget showed that Ceci and Notley managed to shrink a $ 9.1 - billion deficit all the way down a mere $ 8.8 billion this fiscal year.

The Parliamentary Budget Officer, in his latest Economic and Fiscal Update, stated that the deficit outcome for 2013 - 14 could be as low as $ 11.6 billion.

The NDP won't satisfy fiscal hawks, or those accustomed to Alberta's deficit - averse culture with this budget.

Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.

The new federal budget plan matters and is increasing defense and nondefense spending to the tune of $ 300 billion, which would put the fiscal year 2019 deficit at over $ 1 trillion or 6 % of gross domestic product (GDP).

Posted by Nick Falvo under Bank of Canada, budgets, China, Conservative government, deficits, economic crisis, economic growth, employment, exchange rates, federal budget, fiscal policy, global crisis, household debt, IMF, interest rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.

Posted by Nick Falvo under aboriginal peoples, Austerity, budgets, Child Care, corporate income tax, debt, deficits, economic growth, economic models, economic thought, employment, fiscal policy, health care, income, income distribution, income support, income tax, Indigenous people, inequality, NEO-LIBERAL POLICIES, population aging, post-secondary education, poverty, public infrastructure, public services, Saskatchewan, social policy, taxation, unemployment.

Past achievements include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.

Chula Vista faced a $ 400,000 deficit this fiscal year, but a $ 1.6 million Federal Emergency Management Agency reimbursement from the January 2017 storm helped them balance the budget.

Under Bill C - 59, if the Minister of Finance tables a budget that projects a deficit or if a deficit is reported at the end of the fiscal year, the Minister must appear before the House of Commons Finance Committee within the first 30 days of the House of Commons sitting to explain the reasons for the deficit and present a plan for a return to balanced budgets.

In his November 2012 Economic and Fiscal Update, Mr. Flaherty forecast that the deficit would not be eliminated until 2016 - 17, one year later than forecast in his March 2012 Budget.

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.

In the 2012 Budget, the Minister of Finance revised down the deficit forecast for 2011 - 12, from $ 31.0 billion in the November 2011 Economic and Fiscal Update to $ 24.9 billion, of which $ 3 billion was due to the elimination of the «adjustment for risk to revenues».

As indicated in the March 2011 Fiscal Monitor, the Department of Finance expects the deficit for 2010 - 11 to be somewhat lower than forecast in the March 2011 Budget and indicated that it would provide an update in the June 6, 2011 Budget.

Posted by Nick Falvo under Bank of Canada, banks, budgets, Conservative government, consumers, deficits, economic growth, economic models, economic thought, employment, Europe, exchange rates, federal budget, fiscal policy, household debt, housing, inflation, interest rates, monetary policy, oil and gas, prices, Role of government, social indicators, tar sands, US.

The January 2012 Fiscal Monitor, released with Budget 2012, reports a surplus of $ 1.7 billion in January 2012, compared to a deficit of $ 0.3 billion in January 2011.

In this edition of Graphic Intelligence we see how, restated to its true value in accordance to commonly accepted accounting standards, the Ontario baseline deficit in the upcoming 2018/2019 fiscal year would be about $ 7 billion, growing to a projected $ 10 billion in four years — and this before any new spending in the 2018 budget.

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

Posted by Arun DuBois under budgets, debt, deficits, economic history, Europe, fiscal policy, inflation, monetary policy.

While I'm not persuaded by the argument that Canada needs countercyclical Keynesian deficit spending (I think we're already out of recession), I do know what fiscal policy I would consider worse: arbitrarily cutting spending in a weak economy to balance the budget in light of a revenue shortfall stemming from lower than expected nominal GDP.

Until a balance is restored between supply and demand, though, Saudi Arabia is willing to endure the current low price of oil, even as its own budget, heavily reliant on energy revenues, faces a deficit of $ 98 billion, or 15 percent of gross domestic product, for fiscal 2016.

Last month Centeno survived a standoff with the European Commission (EC), which rejected his first budget for running a fiscal deficit above 3 % of GDP.

The Budget for 2015 - 16 will be balanced in the sense that there is no fiscal deficit.

Its relatively narrow budget deficit, young population and high domestic share of debt ownership supported a positive Fiscal Space score.

And, thanks to the new tax law, it is plausible that the federal budget deficit could double to $ 1.25 trillion in the fiscal year that begins in October.

The budget makes it very clear that the government is rejecting an «austerity» fiscal strategy and instead is prepared do run relatively small deficits (1/2 of 1 % of GDP), resulting from investments in both physical and human capital.

The FDP would likely be reluctant to sign up to a eurozone finance minister and would want a stronger focus on enforcing fiscal rules limiting budget deficits.

The stance of U.S. fiscal policy in recent years constituted a significant drag on growth as the large budget deficit was reduced.