The poll also suggested the party's reputation
for fiscal credibility had been dented.
We would assign an «A» grade to the budget
for fiscal credibility.
Not exact matches
The inadequate level of «risk adjustment» in the forecast seriously undermines the «
credibility» of the latest
fiscal update as a basis
for budget planning.
The inadequate level of «risk adjustment» in the forecast seriously undermines the «
credibility» of the latest
fiscal update as a basis
for budget planning and the ability to claim a budgetary surplus over the medium term.
The main benefit of the expenditure cuts was their contribution to creating
fiscal credibility for the government.
This large difference leads to two conclusions: first,
fiscal forecasting by the Department of Finance has lost all
credibility, and second, the Government is on track to meet its balanced budget commitment
for 2015 - 16 if not sooner.
However, to be fair, monthly results were not a good indicator of the final results
for 2012 - 13, thereby undermining the
credibility of the
Fiscal Monitor itself.
It is going to be higher at the end of this Parliament than forecast in the plans he inherited; and no longer falling as a percentage of GDP, it is rising in 2014 - 15 and it is rising again in 2015 - 16 too, breaking the
fiscal rule
for falling debt upon which this Chancellor said his entire
credibility depended.
Indeed it is our
fiscal credibility that has created the space
for the Bank of England to undertake QE on a large scale.
Ghana signed onto the deal following
fiscal slippages, and government quest
for policy
credibility two years ago.
Ian Mulheirn, of the Social Market Foundation, said: «
For a government that's keen to burnish its
fiscal credibility, caving in to the motoring lobby seems like an unfortunate use of the # 1bn savings.»