Sentences with phrase «for budgetary deficits»

Canada's new Federal Balanced Budget Act allows for budgetary deficits when a recession is «has occurred, is occurring or is forecast» — a condition met by TD's recession projections.

Not exact matches

The projected budgetary deficit in 2010 - 11 was revised down from $ 40.5 billion to $ 36.2 billion and in fiscal 2011 - 12 was revised upward from $ 29.6 billion to $ 36.2 billion, for a cumulative reduction of $ 1.6 billion over the two years.

Table 3 shows the changes in the average private sector economic forecasts for nominal GDP (the most applicable tax base for budgetary revenues), and for short - and long - term interest rates, from the first estimate of the deficit to the final outcome.

They did, however, adjust the October 2010 budgetary track for some additional prudence, reducing revenues (and therefore increasing the deficit) by $ 0.9 billion in 2013 - 14 and $ 2.2 billion in both 2014 - 15 and 2015 - 16.

The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such sDeficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such sdeficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savings.

According to the statute's own language, it was designed with the «purpose of reducing the need for future tax increases, maintaining the highest possible bond rating, reducing the need for short term borrowing, providing available resources to meet State obligations whenever casual deficits or failures in revenue occur, and providing the means of addressing budgetary shortfalls.»

The deficit is the difference between two large numbers: budgetary revenues of $ 282.3 billion and total expenses of $ 280.4 billion (figures for 2014 - 15).

From there, for instance, comes their insistence on the importance of a central bank legally and totally independent of all governments or again on the inscription in the constitution of the prohibition of any budgetary deficit.

But a few months into their mandate, the Liberals pointed to weaker - than - expected economic conditions as they tripled their anticipated budgetary deficits for the next two years — nearly $ 30 billion each.

Subtitle F: Deficit Neutral Budgetary Treatment -(Sec. 496) Requires: (1) the Energy Efficiency and Renewable Energy Worker Training Fund, the Climate Change Health Protection and Promotion Fund, and the Natural Resources Climate Change Adaptation Fund to be treated as separate accounts in the Treasury; and (2) amounts appropriated to such Funds to be only available for the purposes set forth under this Act.