Sentences with phrase «fiscal position due»

The report says Ghana's current rating of B1, negative outlook is constrained by the ongoing weakness in the government's fiscal position due to ongoing spending overruns on the public - sector wage bill, high interest costs and the clearance of payment arrears.

Not exact matches

 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).

We enter the FY 2012 - 2013 budget season in a stronger fiscal position than last year, and that is due in part to the good work that you, the Council, have done.

In September of 1975, due to New York City's dire fiscal situation, I was laid off from my teaching position at P.S. 125 in Harlem.

The reduction in the Company's net cash position from the balance reported at fiscal year - end May 31, 2016 of $ 393.4 million was primarily due to normal seasonal working capital requirements in its first fiscal quarter as the Company builds inventories in advance of the school selling season, as well as increased investment, mainly in the form of royalty advances, for an expanded frontlist of titles and licensed product.

This may be due to the nature of the position, which could require a high sense of fiscal responsibility.

David Pearce should be commended on his stance for truly treating his position at CREA in the same approach as any professional would their own company — due diligence on all fiscal matters.