Sentences with phrase «in budget»

The Minister of Finance should have indicated in the budget that the CEIFB would be dissolved for a period of time and that the government would set the rate in the interim.

They argue that the government needed this flexibility to introduce the stimulus action plan proposed in Budget 2009.

Higher revenues and lower expenses resulting from the improvement in nominal GDP, coupled with the saving measures implemented in the Budget are just sufficient to offset the impact of the new policy initiatives.

Other than noting the completion of the elimination of PST on electricity, no other PST - related improvements have been announced in Budget 2018 - 19.

Three things that were lacking in this budget.

In Budget 2007, the Minister of Finance proposed «to amend the FAA to provide for greater transparency and accountability regarding the government's borrowing activities and increase flexibility to meet future borrowings needs, especially with respect to the consolidation of Crown corporations».

First, make sure in budget planning that the debt level averages around 30 per cent of GDP (roughly where it is now) over the next four years.

British Columbia is in good economic health, however the Board of Trade notes in this Budget an optimism in government's revenue forecasts (e.g. natural gas royalty revenue up 57.9 % in 2018 - 19).

You end up with an extra $ 145 in your budget.

There are no changes to business income tax rates in this Budget.

When Finance Minister Paul Martin first introduced prudence in his budget projections in 1994, the prudence was buried within the major revenue and expenditure components.

However, in Budget 2013, the Minister of Finance stated that total expenses would increase by $ 2.5 billion.

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.

Yet nowhere in the budget is evidence provided to support the claim that OAS / GAS benefits are not sustainable.

That means for a place like Puerto Rico, whose energy infrastructure vulnerabilities were laid bare after Hurricane Maria, there isn't much room in the budget to make power lines, generators, and transformers more resistant to future disasters.

In Budget 2013, the Minister of Finance revised down the forecast for the deficit in 2012 - 13 marginally, from $ 26 billion to $ 25.9 billion.

The reason for cutting spending in Budget 2012 was simply an ideological desire for smaller government and the need to placate Conservative supporters.

Based on the results to date, budgetary revenues appear to be somewhat weaker than forecast in Budget 2013, primarily reflecting a decline in personal income tax revenues in March 2013 compared to March 2012.

No details on the components were provided in the budget.

I congratulate the Prime Minister on what has been achieved thus far, which we must hope will translate into mutually beneficial withdrawal and trade agreements, but given that that can not be guaranteed, will she give instructions for the sum set aside by the Chancellor in his Budget last month to be expended on upgrading our customs infrastructure, in order to secure smooth international trade after Brexit and reassure business in this country?

It appears that either the Department of Finance is unable to forecast direct program expenses, or the Minister of Finance has adopted the previous government's approach of ensuring that his deficit targets are met or bettered by «hiding» extra prudence in his budget forecasts — an approach he criticized the previous government for.

Senator Smith: In its budget, the government introduced innovation increases and a focus on innovation.

Some of the other components of program expenses could come in higher - than - estimated in Budget 2012.

However, the last time such a reconciliation was provided was in Budget 2007.

New investments outlined in this budget total only $ 1.2 billion with big - ticket investments in several areas pushed back for years.

These results are then used to reconcile the differences between the authorities used and the forecasts of spending presented in Budget 2013.

There was no reference at all in the budget to the outlook for non-residential business investment, so we have no benchmark for judging Mr. Flaherty's concerns.

These numbers are from the Estimates and are on a cash basis of accounting, whereas in the budget, capital is on an accrual basis of accounting, spreading the costs over the economic life of asset.

For the Main Estimates to be relevant, they should be based on the economic and fiscal assumptions in the Budget for that year.

The media and pundits will be busy over the next several weeks speculating about what the Minister of Finance will do in his budget.

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.

No responsible economist thinks that this package, including its giveaways to the most affluent, will somehow produce so much economic growth as to offset a $ 2.5 trillion hole in the budget.

In Budget 2010, the Department of Finance provided an estimate of the number of jobs created / maintained because of the Economic Action Plan, using the Department's Canadian Economic and Fiscal Model (CEFM)[1].

Proposing these initiatives in a budget tabled before the end of fiscal year 2014 - 15 would have required that the net savings be booked in 2014 - 15 rather than in 2015 - 16.

This lapse refers to under spending in the Estimates, not what may be included in the Budget projections.

We are also encouraged to see $ 165 million allocated in this budget for mental health care funding, including $ 45 million for mental health counselling for children, $ 12 million for specialized addiction treatment, and $ 5 million in startup costs for the new B.C. Centre on Substance Use.

For example, refundable tax credits such as the Canada Child Tax Benefit, the Working Income Tax Benefit, the Scientific Research and Experiment Development Tax Credit, among others, are classified as expenses in the Budget, but are not included as spending in the Main Estimates.

In the Budget, capital is amortized over its economic life, whereas the Estimates include the costs of capital acquired in that year.

«There's nothing, nothing, in the budget that the opposition could not or should not have supported,» he said.

It is now pretty obvious that the delay in the budget to April 21 had nothing to do with uncertainty resulting from the dramatic decline on oil prices.

It is doubtful that the recent classification changes announced by the Department of Finance will be reflected in the Main Estimates, thereby increasing the confusion between spending in the Main Estimates and in the Budget and related documents.

Share: FacebookTwitterLinkedinGoogle + email «Climate change is a global issue, and the Premier has made it clear that B.C. will remain a climate action leader,» Minister of Finance Michael de Jong said this week in his budget speech.

New spending initiatives proposed in the Budget are not incorporated in the Main Estimates until the Treasury Board has officially approved them.

This led to an equivalent reduction in program spending, which became the single, most important «restraint «measure in the budget.

If the deficit was due to «extraordinary developments», the budget could be in balance the following year, especially if the government maintains its practice of including a risk adjustment factor or Contingency Reserve (normally $ 3 billion) in its budget projections.

The Authorities used are on a different coverage and accounting basis than the spending projections in the Budget or in the final audited results in the Public Accounts.

How will the government respond in the budget to the uncertainty created by the short - and long - term fiscal crisis in the U.S., the on - going uncertainty over the recession in the EU and the continuing uncertainty over the future of the EURO area?

When the Main Estimates are tabled before a Budget, they do not include any of the policy initiatives and restraint measures proposed in that Budget.

«We have shown in this budget a very responsible approach,» he said, adding that the debt - to - GDP ratio, a measure of the debt to the size of the economy, will continue to decline.

Typically, second round impacts (multiplier) are not included in the budget estimates, given the subjectivity of any number.