Sentences with phrase «forecast budget surpluses»

But four years after ending a bailout program, the Portuguese government is now forecasting a budget surplus — when state expenditure is lower than revenues.

«Remember when Mystic Gideon was forecasting a budget surplus?

Remember when Mystic Gideon was forecasting a budget surplus by 2014/15?

Not exact matches

Personal income tax will hit a 20 - year high of 12.5 per cent of GDP by 2020 - 21 under the budget forecasts as the government relies on bracket creep and an increase in the Medicare levy to return the budget to surplus.

In the more realistic case that growth is 1pc lower than forecast, but is coupled with an ambitious budget surplus of around 2.5 pc of GDP, Greece would still require a total write - off of its entire first bail - out package worth $ 53.1 bn.

Despite the fact that economic growth for this year is now forecast to be substantially lower than that expected at the time of the April Budget, Mr. Oliver is still confident that the federal government will record a surplus in 2015 - 16.

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.

In last April's Budget, Mr. Oliver forecast a surplus of $ 1.4 billion for 2015 - 16.

The likelihood of a surplus for 2014 - 15 is further enhanced by our expectation that the final results for 2013 - 14, which will be released in late September / early October, will show a deficit of around $ 10 billion substantially lower than the $ 16.6 billion forecast in the February 2014 Budget.

Taking into account recent private sector forecasts for economic growth for 2015, would, in fact, eliminate the $ 1.4 billion budget surplus, as well as the $ 1 billion Contingency Reserve.

On February 3, 2011, the C.D. Howe Institute released its 2011Shadow Budget [1] entitled A Faster Track to Fiscal Balance, arguing that federal government should undertake aggressive actions to restrain the growth in program expenses in order to achieve a fiscal surpluses one year earlier than forecast in the October 2010 Update [2].

Best of all, the government will be able to show larger surpluses in the outer years, after 2015 - 16, than forecast in the February budget.

In the April 2015 Budget, annual surpluses were forecast over the period 2015 - 16 to 2019 - 20.

The provision would automatically reduce the income and corporate rates by one - tenth of one percent whenever the November economic forecast projects a sufficient state budget surplus.

His use of the Conservative surplus forecasts undermines the credibility of the NDP budget plan.

This was not an issue when the federal government was in deficit but became one once the budget was balanced and annual surpluses, larger than forecast, emerged.

A balanced budget is forecast for 2015 - 16, with increasing surpluses thereafter.

These large discrepancies suggest that the April Budget forecast of a surplus of only $ 1.4 billion could be understated by at least $ 2.5 billion.

As a result, the budget surplus for 2015 - 16 was not reflective of the economic forecast at that time.

In the April 2015 Budget, the Harper Government forecast a surplus of $ 1.4 billion.

In the 2014 budget, the government forecast that the deficit would be eliminated in 2015 - 16 and this would be followed by modest surpluses over the next three years.

If, however, the deficit for 2013 - 14 were to come in much lower than forecast in the November 2013 Update, then the possibility of a balanced budget or surplus increases considerably for 2014 - 15.

In 2015 - 16, the year in which the Conservatives promised a balanced budget or better, PBO is forecasting a surplus of $ 3.7 billion, compared to the Budget 2013 forecast of only $ 0.8 bibudget or better, PBO is forecasting a surplus of $ 3.7 billion, compared to the Budget 2013 forecast of only $ 0.8 biBudget 2013 forecast of only $ 0.8 billion.

We have not included the April 2015 Budget / Parliamentary Budget Officer's forecasts of the surplus over the next four years, given the uncertainties with respect to the current economic environment.

In the 2011 Budget, the Minister of Finance forecasts a small budget surplus in 2015Budget, the Minister of Finance forecasts a small budget surplus in 2015budget surplus in 2015 - 16.

Did the Liberals inherit a small surplus (less than $ 1 billion) in 2015 - 16 as recently forecast by the Parliamentary Budget Officer (PBO) or a deficit of $ 5.4 billion as forecast by the Finance Minister in his 2016 Budget?.

As had been widely speculated, the government is now forecasting a surplus of nearly $ 4 billion for 2015 - 16, almost $ 3 billion higher than expected in the March 2013 Budget.

That adjusted forecast projected a surplus of $ 7.2 billion in 2019 - 20, allowing you to claim a balanced budget in 2019 - 20, after incorporating the net impact of your election promises.

Although there might be some improvement in these forecasts given the somewhat better economic outlook presented in the budget, the impact would not be large enough to result in surpluses in their forecasts.

However, to the surprise of no one except the government, about two months later, the January 2009 Budget forecast deficits of about $ 30 billion for both 2009 - 10 and 2010 - 11, with the budget not expected to return to a surplus until 2013Budget forecast deficits of about $ 30 billion for both 2009 - 10 and 2010 - 11, with the budget not expected to return to a surplus until 2013budget not expected to return to a surplus until 2013 - 14.

The deficit for 2016 - 17 is now projected at $ 18.4 billion, rather than a surplus of $ 1.7 billion forecast in the April 2015 Budget.

The city's financial plan forecasts a surplus of $ 1.6 billion in FY 2014, which will be used to help balance the $ 73.9 billion FY 2015 budget, and out - year budget gaps of $ 2.6 billion in FY 2016, $ 1.9 billion in FY 2017 and $ 3.1 billion in FY 2018.

Not surprisingly, with an election just around the corner and budget surpluses forecast for years to come, the 2015 federal budget delivered plenty of goodies for the personal finances of Canadians.