Sentences with phrase «higher budget deficits»

Further, expectations of higher budget deficits going forward will tend to increase real long - term U.S. bond yields.

«Out there in the world there is a very high concern about countries with high budget deficits, and we've got one of the largest,» he said.

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.

Not exact matches

Prodi, the head of Italy's 61st government since World War II, made the unpopular mistake of suggesting higher taxes would be the way to fight the budget deficit.

When Liberal Leader Justin Trudeau made comments about the budget being able to balance itself if economic growth were higher, I paid little attention, as Canada's budget deficit is relatively small and I have heard many others make this claim.

The 2015 budget deficit had to be revised to 3.2 percent of GDP from 3 percent after crude oil prices plunged, but that's down from a high of 6.7 percent in 2009 during the Global Financial Crisis, Maybank noted.

«They could choose to spend a part of that, and still have a lower deficit than we have in the budget, financed in part through higher revenues,» Perrault said.

Technical factors such as increasing U.S. Treasury bill issuance - the result of a surging budget deficit - are adding to the factors pulling short - term yields higher and making the short end look more attractive.

With the potential for higher U.S. budget deficits and debt risking dollar strength, central banks around the globe could be motivated to increase their gold holdings, says Credit Suisse.

If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years — reaching the highest level of debt relative to GDP ever experienced in this country.

France has a large current account deficit, a significant budget deficit and high debt to GDP.

As reported in the Annual Financial Report for fiscal year 2011 - 12, the deficit for In 2011 - 12 was $ 1.4 billion higher than estimated in the March 2012 Budget.

Even when announcing in November that the federal deficit would come in at $ 26 billion, $ 5 billion higher than predicted in the 2012 budget, the minister couldn't resist gloating: «Unlike many of Canada's counterparts in the G7, we remain on track to return to balanced budgets over the medium term.»

If the government raises tax rates to cover budget deficits, then my retirement tax rate could be higher.

There is a very high likelihood that the deficit will be eliminated in 2014 - 15 a year earlier than your political commitment of 2015 - 16, You already have the final financial results for 2013 - 14, which, in our opinion, will show a deficit significantly lower than what was estimated in the 2014 Budget.

O'Neil said he's skeptical about the assumptions that a Trump agenda of increased government spending and tax cuts will be fully enacted and lead to faster growth, higher inflation and bigger budget deficits.

As noted above, the higher - than - expected deficit outcome for 2011 - 12, compared to the March 2012 Budget forecast, was entirely due to lower - than - expected revenues.

It is worth noting, however, that we believe it is incumbent on the government to keep spending within declared levels, and to appropriately apply any unexpected gains (i.e. from a stronger than forecast GDP growth, higher energy prices, etc.) to the deficit and thus hasten the return to a balanced budget.

New initiatives that would require on - going funding would mean either a higher deficit track and no balanced budget in 2015 - 16 or new expenditure cuts to pay for the new initiatives.

The November Update forecast a deficit of $ 26 billion this year almost $ 5 billion higher than forecast in the March 2012 budget.

After 2011 - 12, PBO expects the deficit to be higher than the budget forecast in each year.

However, the deficit for 2011 - 12 was $ 1.4 billion higher than the March 2012 Budget forecast of $ 24.9 billion, due to lower revenues.

NO: When the economy is weak, as it was during the 2008 - 12 period it was appropriate to approve budgets that resulted in higher deficits.

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.

Our budget deficit is too high, we got to raise interest rate and taxes at some point to compensate for it.

or just open the spigots and roll with higher annual budget deficits.

Its relatively narrow budget deficit, young population and high domestic share of debt ownership supported a positive Fiscal Space score.

The country's challenges include high net debt levels, a budget deficit approaching 9 % of gross domestic product (GDP), and a gaping current account deficit.

A factor pushing yields higher in Japan has been the large supply of bonds coming onto the market to fund the budget deficit.

The final audited status quo deficit outcome for 2008 - 09 was $ 7.6 billion higher than that forecast in the January 2009 Budget (Table 1).

The deterioration in the deficit primarily resulted from lower corporate income tax revenues, down 16.3 % (in part reflecting higher refunds), lower GST revenues, down 7.6 %, lower employment insurance premiums, down 12.5 % (reflecting a decline in EI rates effective January 2017), and higher other transfers and subsidies, up 38.0 % (reflecting the timing of payments related to recent budget proposals).

If this information had been available at the time of the January 2009 Budget, the original status quo deficit estimate for 2009 - 10 would have been close to $ 8 billion higher than announced, at the time of the bBudget, the original status quo deficit estimate for 2009 - 10 would have been close to $ 8 billion higher than announced, at the time of the budgetbudget.

Similarly, in all but one of the earlier widenings, Australia's inflation rate was higher than the world average, and again on two occasions, we were running a significant budget deficit.

The answer: higher taxes and bigger budget deficits.

The reconciliation bill also initially delayed but did not repeal the so - called «Cadillac tax» on high - cost insurance plans to avoid revenue loss outside the budget window, but an amendment repealing it was adopted by an overwhelming bipartisan vote and no Byrd rule challenge was raised despite its deficit impact.

It is expected that, in the upcoming Update, the deficit for 2016 - 17 will be lower than that forecast in the Budget, but that it will be higher in each year thereafter.

The lower - than - expected deficit outcome for 2010 - 11, compared to the June 2011 Budget estimate, resulted from both higher revenues (up $ 1.5 billion) and lower program expenses (down $ 1.2 billion).

If there were no prudence in the March 2016 Budget economic projections, the forecast deficit for 2016 - 17 would have been higher by $ 1.7 billion and by $ 4.8 billion in 2017 - 18.

'' 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 slower growth and higher unemployment George Osborne's policies have delivered since his first Budget a year ago are making it harder to get the deficit down.»

Long's release snarked that Gillibrand «took a break from her book club» (part of her Off the Sidelines campaign to get more women involved in politics) to tackle trade in hopes of deflecting attention from skyrocketing gas prices, the high unemployment rate, the growing federal deficit and lack of a federal budget for the past three years — the entire time Gillibrand has been a sentor.

«The question that we should ask is how can you inherit a budget deficit of 9.3 % of GDP, proceed to reduce taxes, bring down inflation, bring down interest rates, increase economic growth (from 3.6 % to 7.9 %), increase your international reserves, maintain relative exchange rate stability, reduce the debt to GDP ratio and the rate of debt accumulation, pay almost half of arrears inherited, stay current on obligations to statutory funds, restore teacher and nursing training allowances, double the capitation grant, implement free senior high school education and yet still be able to reduce the fiscal deficit from 9.3 % to an estimated 5.6 % of GDP?

Current and forecast budget deficits are not particularly high on this measure either (though I do accept that as a global financial centre the UK does have downside risk...).

«I'm running for the state senate to take on the rampant corruption in Albany and the fiscal mismanagement that has produced a multi-billion dollar budget deficit and the highest taxes in the nation,» Schorr said.

In light of the considerable uncertainty around the economic and fiscal outlook, including the risks posed to economic recovery by ongoing financial tensions in the eurozone and against the backdrop of a still large structural budget deficit and high and rising government debt, the Negative Outlook indicates a slightly greater than 50 % chance of a downgrade over a two - year horizon.»

As chief counsel, Kiernan becomes a top adviser to Paterson and one of the most powerful figures in the executive chamber, which faces an unprecedented budget deficit this year and has seen an unusually high amount of turmoil in recent months.

Eight years after facing a financial deficit that required issuing bonds totaling $ 22 million to balance its budget, East Hampton Town has achieved Moody's Investors Service's highest bond rating

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.

The Council also continues to emphasize that, with multi-year, multi-billion budget deficits, New York needs to more fully examine its spending practices, especially in major programs such as Medicaid and education, and determine why are our costs are so much higher than other states without the results to match.»

Cuomo and state lawmakers next year will have to close a budget deficit estimated to be as high as $ 4.6 billion and growing — forcing difficult decisions in a re-election year.