Sentences with phrase «government estimates the budget»

The Rudd government estimates the budget impact of the change to an ETS to be $ 3.8 billion in lost income and have outlined measures they say will save $ 3.9 billion in order to pay for it.

Not exact matches

Budget 2016 announces that the Government will eliminate tariffs on about a dozen manufacturing inputs, providing an estimated $ 9 million in tariff savings over the next five years to Canadian manufacturers in the consumer goods and transportation sectors.

There is no indication in the budget how these numbers are estimated, so I spoke to government officials, who indicated that these are «straight - line» estimates and do not take into account possible behavioural responses by these high income earners.

The GDP release also delivered an unwelcome surprise on government spending: budget trimming by federal agencies, especially the defence department, shaved an estimated eight percentage points off growth.

And in October or November, according to the latest estimates by the Congressional Budget Office (CBO), the government will once again hit its self - imposed debt ceiling, a legislated limit on how much the country can borrow.

The parliamentary budget officer estimated the Liberals will post a $ 22.1 - billion shortfall this fiscal year, which would be $ 4 billion more than the projection of $ 18.1 billion in the federal government's February budget.

This year's budget provides a sensitivity analysis for yields on 10 - year bonds; should interest rates fall in line with the BMO projections, the Ontario government will see estimated gains of $ 400 million next year alone.

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 itGovernment'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 itgovernment sector that it prepared.

Expenses for other direct program expenses (excluding other transfer payments) could be $ 2 billion higher than estimated in Budget 2012, especially if the Government decides to book the shortfall in the environmental liability as identified by the Commissioner for the Environment and Sustainable Development.

The Government used to publish a reconciliation between the Estimates and Budget.

The Standing Committees of the Public Accounts and on Government Operations and Estimates have also recommended that the «Office of the Comptroller General complete its study of accrual - based budgeting and appropriations and report back by March 31, 2013 its recommendations on whether the Government of Canada should pursue accrual - based budgeting in departments and accrual - based appropriations in its financial reporting system».

However, the Estimates bare no resemblance to other estimates of government spending - the Budget, Volume I of the Public Accounts, and the FiscalEstimates bare no resemblance to other estimates of government spending - the Budget, Volume I of the Public Accounts, and the Fiscalestimates of government spending - the Budget, Volume I of the Public Accounts, and the Fiscal Monitor.

We have documented the differences between the Main Estimates and Budget / Update in previous blogs (1) and have encouraged the Government to take steps to make the Estimates more comparable in concept and coverage to the Budget / Update and to provide reconciliations of any remaining differences.

The Standing Committees of the Public Accounts and on Government Operations and Estimates have also recommended that the «Office of the Comptroller General complete its study of accrual - based budgeting and appropriations and report back by March 31, 2013 its recommendations on whether the Government of Canada should pursue accrual - based budgeting in departments and accrual - based appropriations in in its financial reporting system».

There is absolutely no reason why the Main Estimates of government spending can not be put on the same basis as the Budget estimates of Estimates of government spending can not be put on the same basis as the Budget estimates of estimates of spending.

Five of the seven budgets of the government have been tabled after the Main Estimates, thereby making the budget estimates of spending inconsistent with the Main Estimates of government Estimates, thereby making the budget estimates of spending inconsistent with the Main Estimates of government estimates of spending inconsistent with the Main Estimates of government Estimates of government spending.

The spending estimates for statutory programs, such as major transfers to persons and other levels of government, should be based on the latest economic data contained in the Budget for that year.

This meant that Main Estimates of government spending, which were tabled on February 28, 2012, were based on economic assumptions presented in the previous Fall 2011 Update and not those in the 2012 budget.

There is no reason why the Main Estimates of government spending can not be on the same basis as the Budget estimates of Estimates of government spending can not be on the same basis as the Budget estimates of estimates of expenses.

Did the Government accept any of the recommendations of the House of Commons Standing Committee on Government Operations and Estimates regarding the alignment of the budget and the Main Estimates?

If elected Prime Minister, Mr. Harper promised that would be no more inaccurate forecasts, because he would create an independent agency, «Ensuring truth in budgeting with a Parliamentary Budget Authority» to hold the government to account in its budget forecasting and its spending estiBudget Authority» to hold the government to account in its budget forecasting and its spending estibudget forecasting and its spending estimates.

She called on the government to clearly outline the impacts on jobs and services of any potential cuts in Thursday's budget, as the Conservatives chip away at an estimated $ 26 - billion deficit.

The government, however, notes that more detailed spending plans and data are released later in the budget year, through department reports on plans and priorities, supplementary estimates and the annual public accounts.

South Carolina state government salary South Carolina Salaries Total state spending: $ 21.4 billion (2014 estimate) South Carolina Budget and Finances South Carolina Public Pensions More Information: Other State Salaries Public Employee Salaries Public Pensions...

This will improve transparency between the Estimates and the Budget and lead to a better understanding by Parliamentarians and Canadians on how much the government intends to spend in the upcoming fiscal year.

For example, the Public Accounts / Budget / Updates includes employment insurance program costs, as the government has full control over this program, determining the premium rates and eligibility and the amount of the benefits, whereas the Estimates excludes them, on the basis that they are included as part of a specified purpose account.

The current government has provided few reconciliations between the Budget spending projections and Main Estimates and none between the fall update projections and the Main Estimates..

We will ensure accounting consistency among the Estimates and the Public Accounts; provide costing analysis for each government bill; restore the requirement that government borrowing plans receive Parliamentary approval; end the inappropriate use of omnibus legislation; and we will ensure the Parliamentary Budget Officer (PBO) is truly independent, properly funded, and answerable only, and directly, to Parliament.

Wynne said the announcement, made the day before the government tables its final budget ahead of the June election, is estimated to save families $ 17,000 a year.

New Democrat defence critic Jack Harris accused the government of not only keeping the public in the dark, but watchdogs such as the parliamentary budget office, which had a tough time compiling its own estimate on the war earlier this winter.

This prudence reserve provides a $ 6 billion buffer over two years against adjustments to the costing estimates, twice as large as in the Government's March 2011 budget.

In commenting on the information provided by the Government to the House of Commons on the costs of the fighter jets, the proposed crime legislation and the projections of corporate profits, the Parliamentary Budget Office (PBO) did provide an assessment of these estimates [2] in their report to the Committee.

The Parliamentary Budget Office (PBO) has recently begun to provide analytical notes on the Main and Supplementary Estimates to assist parliamentarians in their scrutiny of the government spending.

The Government also sets out its policy priorities and new spending initiatives in the budget, many of which ultimately come into effect through the Estimates process.

A second, more conservative report released by the Parliamentary Budget Officer estimates savings of $ 4.2 billion a year for the federal government alone.

Former Parliamentary Budget Officer Kevin Page called for this system because it puts spending decisions back in the hands of Parliament; and in fact, Minister Clement has already examined this proposal in response to a recommendation by the House of Commons Committee on Government Operations and Estimates.

We have raised this lack of accountability between the Estimates and the budget / update on numerous occasions, with no response from the Government.

The Public Accounts / Budget includes the gross financial transactions of consolidated Crown corporations, whereas the Estimates only include government transfers to appropriate - dependent Crown corporations.

For the fifth straight year in a row, today the B.C. Liberal government blew past its budget estimate for fighting forest fires.

President Muhammadu Buhari has directed all Agencies, Corporations and Government owned Companies to submit details of their 2018 budget estimate to the appropriate Committees...

The Local Government Association (LGA) has revised its estimates for council tax increases down from the previous forecast of 3.5 per cent, as local authorities are revising their budgets.

Fashola said it was unfair to the executive arm of government for the inclusion of such projects after public hearings on the budget and defence of the fiscal estimates by ministries.

A Democrat who stood in opposition to a Republican House and Senate, Napolitano was replaced by Republican Jan Brewer, triggering turnover in state government and a shift in priorities — right in the midst of an estimated $ 3 billion budget shortfall.

The 2018 Budget however estimated government plan of raising some GH cents 51 billion from revenue and grants for 2018.

Government's supplementary budget presented to parliament in 2016, revealed that out of an estimated $ 484.79 million in petroleum revenue for the first half of the year, government bagged only $ 87.79 million, the lowest Ghana has ever realised since oil production starteGovernment's supplementary budget presented to parliament in 2016, revealed that out of an estimated $ 484.79 million in petroleum revenue for the first half of the year, government bagged only $ 87.79 million, the lowest Ghana has ever realised since oil production startegovernment bagged only $ 87.79 million, the lowest Ghana has ever realised since oil production started in 2010.

If I'm not mistaken, this is a reference to so - called «baseline» reporting or the «present law» budget; requirements (sometimes in law, sometimes in government accounting principles) stipulating the «base» for the next year's budget estimate is what costs would be absent change.

In a Washington Examiner article, a member of the Senate Budget Committee was asked for a monetary estimate of what percentage of the government is shut down after exempting the military:

The report draws on government and trade statistics, academic evidence and economic theory to challenge arguments that the health and social benefits of reducing alcohol consumption are likely to come at a cost to the economy, finding: · Any reduction in employment and income resulting from lower spending on alcohol would be offset by spending on other goods · Econometric analysis of US states suggests that a 10 % decrease in alcohol consumption is associated with a 0.4 % increase in per capita income growth · Lower alcohol consumption could also reduce the economic costs of impaired workplace productivity, alcohol - related sickness, unemployment and premature death, which are estimated to cost the UK # 8 - 11 billion a year The analysis comes at a timely moment, with health groups urging the Chancellor to raise alcohol duty in next month's Budget.

ENDS Notes to Editors UK Alcohol duty context For a short video summary of the issues around alcohol pricing, please visit: https://vimeo.com/191959217 Following heavy lobbying from the alcohol industry, the last four Budgets have seen real terms cuts in alcohol duty Alcohol is 60 % more affordable than it was in 1980 — the alcohol duty escalator, introduced in 2008, which ensured that duty rose above inflation, helped mitigate this trend, but this progress has reversed since the duty escalator was scrapped in 2013 In real terms, spirits duty has halved, and wine duty fallen by a quarter since 1978 - 9 The Government estimates suggest that the duty cuts since 2013 will cost the Exchequer # 2.9 billion over four years The University of Sheffield estimated that an additional 6,500 people would be hospitalised each year as a result of the alcohol duty cuts in 2015 The report The report was peer reviewed by academic experts the fields of economics, public health and public policy prior to publication.

The Legislature also approved an estimated $ 1.5 billion in homeowner tax relief tied to local governments staying within a 2 percent tax cap the first year and enacting cost - saving plans the second year, benchmarks for Cuomo, who called his property tax relief «the single most transformative part» of the budget.