Sentences with phrase «forecast of a balanced budget»

This, along with an overly rosy economic forecast and increased enforcement and compliance by the Canada Revenue Agency were the main factors underlying the government's forecast of a balanced budget in 2015 - 16.

Not exact matches

There is plenty of time to introduce these commitments in future budgets: they came with the proviso they would not be implemented until the budget was balanced, which the Department of Finance forecasts will occur in fiscal 2015 - 2016.

These include publishing: • Historical estimates and medium - term projections of the economy's potential GDP, as well as the methodology and assumptions used; • Medium - term projections of the Government's structural, or cyclically - adjusted budget balance as well as the methodology and assumptions used; • The assumptions, projections and methods to translate the private sector economic forecasts into its fiscal forecasts; and • The fiscal sustainability analyses of the provincial - territorial government sector that it prepared.

The Update incorporates the October average private sector economic forecasts and an increased «adjustment for risk» for 2011 - 12 to 2013 - 14, as well as an increase in employment insurance rates of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation As a result, the balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»).

In the March 2012 Budget, the Department of Finance would have used their more optimistic estimates for 2011 - 12 as the base for forecasting revenues and the resulting budgetary balance to 2016 - 17.

The Fraser Institute has raised valid concerns about the Government's ability to achieve a balanced budget in 2016 - 17 as forecast by the Minister of Finance, or by 2015 - 16 as forecast by the Prime Minister..

However, the slower - than - expected economic growth in 2013 and the accompanying lower level of nominal income in 2013 - 14 results in a «status quo» (before budget actions) deficit of $ 18.7 billion Subsequently, the status quo budgetary balance is actually lower that forecast in the November 2012 November Update.

They argue that, since 2009, the federal government's plans to balance the budget have been based on «risky projections, optimistic forecasts of revenue growth and unrealistic plans for spending restraint», which have resulted in increases in the projected deficit with each successive budget, and the pushing out of the date that the deficit would be eliminated.

On balance, we do not believe that the November 2012 Update fiscal forecast was credible and coupled with the slowdown in economic growth in 2013, the possibility of a balanced budget for 2015 - 16 is seriously at risk, unless additional significant restraint measures are implemented.

Table 2 compares PBO's forecast of the federal budgetary balance to the March 2011 Budget forecast and the reasons for the differences.

The Budget also noted that once the EI Operating Account returns to balance, the CEIFB is to set a rate for each year that would generate enough premium revenue over the next seven years equal to the forecast cost of the EI program during that period.

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.

In fact, noting that 50 % of the MSP premiums have already been eliminated (with the impact being absorbed in «general revenues»), the new payroll tax collected will more than make up the remaining MSP revenue shortfall, and is a material contributor to achieving the balanced budgets that are forecast.

The PBO forecast, including a contingency reserve, shows a balanced budget in 2015 - 16, followed by deficits of $ 16.5 billion, $ 19.4 billion, $ 17.1 billion, and $ 14.2 billion in each of the following 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.

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.

Budget 2018 - 19 expects a deficit of $ 19.4 billion for 2017 - 18 and forecasts deficits for the next five years, without any timeline to balance the bBudget 2018 - 19 expects a deficit of $ 19.4 billion for 2017 - 18 and forecasts deficits for the next five years, without any timeline to balance the budgetbudget.

However, on balance, the FES forecast of direct program expenses appears credible, and the growth profile broadly consistent to those forecast in the 2015 Budget.

On balance, the results to date appear to be consistent with the March 2017 Budget forecast of a deficit of $ 23.0 billion.

For the June 2011 Budget, the Department of Finance would have used their estimates for 2010 - 11 as the base for forecasting revenues and expenses and the resulting budgetary balance to 2015 - 16.

The numeric average of different forecasts can be argued to provide a sense of confidence that the government is not providing upward bias to its projections that would facilitate hitting its 2015 budget balance targets.

He plumped for a supply - side strategy of tax cuts, even though the strategy failed to produce the private savings, the balanced budget or the economic benefits for ordinary workers that some of his theorists had forecast.

«I can report to the House that the OBR confirm that on their central forecast we will meet both these objectives — a balanced structural current budget and falling national debt by the end of the Parliament.»

Most councils are currently forecasting a deficit in 2016/17, forcing them to raid their reserves in order to meet the legal requirement to run a balanced budget at the end of the year.

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.

The shortfall in the chain's latest financial forecast breaks the terms of its funding agreement, which insists it returns a balanced budget.

We provide clients with budgeting, forecasting and regularly updated case evaluations identifying the potential cost of litigation balanced against the risks the dispute poses as well as the potential upside for a client.

Tasks included on sample resumes of Senior Accountants include preparing monthly expense variance analyses between actual, budget and forecast amounts, and reconciling and analyzing balance sheet and income statement accounts.

Manage the preparation of financial reports, cost reports, balance sheets, budgets and financial forecasts on a regular basis for 28 locations.

Performed budgets, forecasts, financial analysis and systems implementations for 600 multi-site retail stores Implemented JD Edwards accounting package including Accounts Payable, Accounts Receivable, General Ledger and Fixed Assets Performed corporate consolidations and currency conversions expressly for the United Kingdom, Europe and the Asian countries including Japan Performed product line profitability and new product launch analysis including the sub $ 1,000 personal computer estimated to be 30 % of the 2000 annual operating plan Created a five year strategic model including P&L, cash flow, and balance sheet that provided significant impact to the organizationâ $ ™ s future growth and communication to the analyst community Developed financial statements and negotiated with portal and internet service providers to form Gateway.net and Gateway.com start up companies resulting in 1 million subscribers Supervised a staff of ten full time financial analysts

• Prepare account reconciliations for assigned balance sheets and incoming statement accounts • Process transactional accounting data such as payroll, cash management and payables • Assist in the monthly closing of accounts, paying special attention to minimizing discrepancies • Analyze transactions and standards related to manufacturing processes • Assist in the analysis of inventory and reconcile general ledgers to sub-ledgers • Ascertain procedural consistency in all accounting processes and procedures in inter-company recording • Assist in the preparation of annual budgets, forecast and long - range planning • Handle travel and entertainment expense processing and provide oversight to the creation and maintenance of purchase orders

Areas of Expertise * Operational Excellence / Continuous Improvement * Executive Leadership * Business Transformation * Change Management * Global Business Analysis * Financial / Operational Turnarounds * Revenue / Growth Optimization * Implementation Management * Strategy / Solution Development * Mergers & Acquisitions * P&L / Balance Sheet Management * Working Capital Improvement * Forecasting & Budgeting * Financial Planning & A...

Tags for this Online Resume: Financial Statements, Cash Management, Business Plans, Budgets, Forecasting, Taxation, Internal Control, Consulting, Negotiations, Payroll Preparation, Supervision of Employees, Strategic Skills and Vision, Communication, Auditing, Job Costing, Inventory Control, Breakeven Analysis, Corporate Documentation, Time Management, Research and Development, Patent Management, Patent Accounting, Organizational Skills, Consolidations, Policies and Procedures, Lease Management and Accounting, Grant Management and Accounting, Venture and Debt Capitalization, Financial Planning, Independent, Ethical, Revenue Models, Presentations, Integrity, Writing Skills, Team Building, People Skills, Management Skills, Departmental Coordination, GAAP, GAAS, FIFO and LIFO, Goodwill, Revenue Recognition, Cost of Goods Sold, Bad Debt Management, Cash and Accrual Accounting, Accounts Receivable Management, Accounts Payable Management, Fixed Asset Accounting, Depreciation, Union Negotiations, Contract Administration, Gross Margin Analysis, Inventory Valuation Methods, Portfolio Management, Trust Accounting, Projections, Chart of Accounts, General Ledger, Journals, Credit Terms, Matching Principle, Trial Balance, Executive Summaries, Title IV Funding, Multi-State Taxation, IRS Negotiations, Tax Litigation, Teaching, Curriculum Development, Tax Planning, Tax Compliance, Automated Conversions, Performance Evaluations, Problem Solving, Automated Billing, Manual Billing, Application Approvals, Vendor Contacts, Purchase Orders, Invoice Verification, Benefits Implementation, Insurance Management, Loan Negotiations, Banking Contacts, Payroll Tax Returns, Federal Tax Returns, State and Local Tax Returns, QuickBooks, Microsoft Excel, Microsoft Office, Peachtree Accounting, TurboTax, Accounting

Summary of Qualifications * Conflict Resolution Management * Balance Sheet management * Budget Analysis & Forecasting * Process improvement (5S and Lean Six Sigma).

* Build client relationships Financial investments retirement planning and insurance product sales Experience in forecasting planning and expense management of corporate budgets Produced corporate financial reports for statutory / GAAP accounting income statements and balance sheets Relationships * Effective developing strong relationships to understand client / employee needs and achieve results Positive open leadership style...

I have been working in the finance area of Nestlé Group in Italy for more than 16 years and I have great experience with budget, forecasting, P&L and balance sheet analysis, monthly / yearly financial closing and ad - hoc analysis.