The average of the private sector forecasts forms the basis for the economic assumptions used for
fiscal planning purposes in the budget and fall update.
However, given the uncertainties caused by the financial crisis, the Harper Government introduced the «risk adjustment factor» in its October 2010 Update of Economic and Fiscal Projections, whereby the average of the private sector economic forecasts for nominal GDP was adjusted downwards for
fiscal planning purposes.
Thereafter, with no change in the «risk adjustment factor», the change in nominal GDP for
fiscal planning purpose mirrors the absolute change in the private sector average forecast.
Not exact matches
For
purposes of our
fiscal 2015 incentive
plans, «global eCommerce operating income» is defined as the allocated portion of the operating income or loss from our operating segments attributable to walmart.
The 2003
Plan currently limits the number of options and stock appreciation rights that may be granted to any individual during a
fiscal year to 15,000,000 shares, and it limits the number of stock grants and restricted stock units that may be granted to any individual during a
fiscal year to 5,000,000 shares (counting the shares on a 1 - for - 1 basis for this
purpose).
As described above, adjusted
fiscal 2014 EPS of $ 6.68 will be used for
purposes of these LTI
plans, rather than reported
fiscal 2014 EPS of $ 6.75.
They illustrate how difficult it is to translate the economic
planning assumptions into credible
fiscal projections for budget
planning purposes.