Sentences with phrase «high public deficits»

During the 1980s and early 1990s, high public deficits and private - sector downsizings prompted employers to jettison older workers.

Not exact matches

The West African country is in its final year of the $ 918 million credit deal signed in April 2015 to fix its economy, dogged by high deficits, inflation and a distressing public debt.

Until more details are provided by the Department of Finance and / or contained in the upcoming Public Accounts, it is difficult to assess what impact the higher - than - expected deficit outcome for 2011 - 12 will have on the deficit outcome for 2012 - 13 and future years.

The higher - than - expected deficit forecast in 2014 - 15 and lower - than - forecast surpluses thereafter primarily result from lower personal income taxes and EI premium revenues and higher public debt charges, offset somewhat by higher - than - forecast corporate income tax revenues and lower EI benefits.

Most of the year - over-year improvement in the deficit was due to higher revenues, up $ 7.5 billion and lower public debt charges (down $ 1.9 billion).

Without the inflow of Chinese funds and the trade deficit, we could finance more public spending from the higher taxes on higher GDP.

The deficit improves by $ 0.4 billion in 2011 - 12, increasing slowly to $ 1.2 billion by 2015 - 16, as somewhat higher revenues and lower public debt charges more the offset higher program expenses.

Without an integrated plan to expand our economy and balance the budget, Ontario will face even higher deficits and will struggle even more to cover the cost of essential public services.

According to Australian economist William Mitchell, ``... the Japanese experience with sustained high fiscal deficits, the world's largest public debt to GDP ratio, close to zero interest rates, and deflation, was totally at odds with (neo-liberal) economic theories.

Despite Trump's firmly held beliefs, tariffs will not close the U.S. trade deficit, absent higher savings (in the public or private sectors) or lower investment.

Students in every mainstream macroeconomics class, and that means almost all students, would have predicted, based on the nonsense they were learning, that the high deficits and high public debt ratios in Japan at the time, should have driven interest rates sky high, that bond markets should have stopped buying government bonds, that the government should have run out of money, and all the time that these disasters were unfolding, that inflation should have been be galloping towards hyperinflation.

However, the Liberal platform also envisaged temporary deficits to finance higher spending on social programs such as child benefits, a higher Guaranteed Income Supplement for single seniors, public health care, child care and First Nations programs, and did not increase overall federal tax revenues.

An own goal because falling living standards, low growth and higher inflation — at a very high personal cost to communities and people — has also been toxic for the public finances and thrown deficit reduction wildly off course.

'' The next two years will provide no shortage of challenges for our Conference, its partners in government and all New Yorkers: A multi-billion dollar budget deficit needing closure, a government that is still too big and spends too much, chronic unemployment, some of the nation's highest taxes and a continued lack of public confidence in state government,» Kolb said.

«The data so far this year raise a concern that, rather than reducing the public debt, the deficit reduction plans could be having the opposite effect because higher tax rates and austerity measures are causing economic growth to be weaker than expected.»

Even if there were no deficit, we should still reduce public spending because at close to 50 % of gross domestic product it is too high.

This is the conclusion of my paper, Free Universities, that the government's claim that «our student finance reforms will deliver savings to help address the large Budget deficit we were left» was disingenuous at best and that in fact the public spending crisis was used as an excuse to private higher education.

He said the deficit was still too high, which is why public sector workers face another year of pay restraint and welfare spending will be capped from 2015.

10:45 - Poll after poll shows the public accept both ideas: that the deficit must be reduced, which will mean cuts to public services, but also that no confidence means no spending, no spending means lay offs, and lay offs mean a higher unemployment benefit bill, among other things.

Eliminating this deficit will mean higher council tax bills or bigger cuts to local public services.

Labour should have done more to defend its own record though — the high deficit being due to the global financial crisis rather than mismanagement of public finances, for instance.

They left us with massive debts, the highest deficit, overstretched armed forces, demoralised public services, endless ridiculous rules and regulations and quangos and bureaucracy and nonsense.

Their own audit of Scotland's public finances confirms they would have struggled from the start with a fiscal crisis under the burden of the highest budget deficit in the western world.

In this liberal controlled state that is dominated by the greedy, corrupt public employee unions which cause the high tax rates and huge budget deficits for there outrageously generous benefit plans and inefficient work rules?

Ghana is emerging from a fiscal crisis that has left it with high deficits and a steep public debt that forced the government into a credit deal with the International Monetary Fund worth around $ 918 million in 2015.

Criticising the government's decision to tackle the deficit through cutting back on public spending, Mr Barber's alternative Plan B would tax higher earners more rather than targeting «the poorest and most vulnerable,» which, he argues, is what the current public sector cuts are doing.

As mentioned above, CBO projects the deficit to surpass $ 1 trillion in a year or two and reach as high as $ 2 trillion by FY 2028, with public debt approaching historic heights.

PARIS — Higher education and research are one of the few budgetary bright spots on a landscape of gloom in France, as the economic crisis is predicted to push the country's public deficit to a record high next year.

He said he planned to fix a state budget deficit by forcing higher benefit costs onto public workers and eliminating nearly all of their collective bargaining rights.

Well, for example, when Catalyst asked how Chicago Public Schools justifies $ 76 million in increased funding to charter schools despite their lackluster performance and the district's enormous deficit, spokeswoman Becky Carroll said that «our job is to not only help build high - quality schools, but expand the number of choices.»

The draft Blueprint for Reforming Philadelphia's Public Schools, released in April 2012, sets two distinct goals: 1) Safe, high - performing schools district - wide; and 2) The elimination of a more than $ 200 million budget deficit by 2014.