Sentences with phrase «in budget adjustment»

Not exact matches

The inadequate level of «risk adjustment» in the forecast seriously undermines the «credibility» of the latest fiscal update as a basis for budget planning.

The inadequate level of «risk adjustment» in the forecast seriously undermines the «credibility» of the latest fiscal update as a basis for budget planning and the ability to claim a budgetary surplus over the medium term.

As a result, compared to the March 2012 Budget planning assumption, the level of nominal GDP is $ 9 billion lower in 2012 — this consists of a «risk adjustment factor» of $ 7 billion and the difference between the change in the private sector average forecast of $ 22 billion less the March 2012 Budget «risk adjustment factor» of $ 20 billion.

In the Budget, the Minister included a $ 3 billion «risk adjustment factor».

However, in setting the expenditure track for a budget, the Department of Finance would take into account that departments will not be spending all of their appropriations, through what is known as the «lapse» adjustment.

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»).

The required administrative savings will, therefore, result in an offsetting reduction in the lapse adjustment, which the Department of Finance did not take into account in Budget 2010.

In the March 2012 Budget, the «risk adjustment factor» was $ 20 billion per year.

Subsequently, a risk adjustment factor was included in various forms (economic prudence and a contingency reserve) in every budget until the first Conservative budget in 2006, at which time both the economic prudence and the contingency reserve were eliminated.

Even with this adjustment, we believe that the outlook for direct program expenses in the outer years is understated, putting the achievement of a balanced budget over the medium term at even greater risk.

Over the past few years, the government has included a $ 1.5 billion «risk adjustment factor» in the first year of their budget plan, given that the fiscal year is already half over, and $ 3 billion in each thereafter.

For the last few budgets, the Minister of Finance has included an «adjustment for risk», in order to ensure that the annual fiscal targets are met.

However considerable economic and financial data would be available, and remaining uncertainty could be allowed for in the «risk adjustment» factor included 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.

Furthermore, in the April 2015 Budget, the risk adjustment factor was set at $ 1.0 billion per year from 2015 - 16 to 2017 - 18, and $ 2.0 billion in 2018 - 19.

Minister Flaherty's commitment to balance the budget in 2015 - 16 is seriously at risk because of this adjustment.

The required administrative savings will, therefore, result in an offsetting reduction in the lapse adjustment, which the Department of Finance did not take into account in either the 2010 or 2011 Budgets.

In the 2012 Budget, the Minister of Finance revised down the deficit forecast for 2011 - 12, from $ 31.0 billion in the November 2011 Economic and Fiscal Update to $ 24.9 billion, of which $ 3 billion was due to the elimination of the «adjustment for risk to revenues»In the 2012 Budget, the Minister of Finance revised down the deficit forecast for 2011 - 12, from $ 31.0 billion in the November 2011 Economic and Fiscal Update to $ 24.9 billion, of which $ 3 billion was due to the elimination of the «adjustment for risk to revenues»in the November 2011 Economic and Fiscal Update to $ 24.9 billion, of which $ 3 billion was due to the elimination of the «adjustment for risk to revenues».

In the 2013 Budget, a surplus of $ 0.8 billion was projected, including a «risk adjustment factor» of $ 3 billion.

However, in setting the expenditure track for a budget, the Department of Finance assumes that departments will not be spending all of their appropriations, through what is known as the «lapse» adjustment.

Shouldn't he at least consider the recommendation of the International Monetary Fund in its October review of Canada, that «there is room to delay the adjustment needed to return to a balanced budget in 2015, if there is no meaningful pick - up in economic growth»?

In addition, both the Parliamentary Budget Officer [3] and ourselves questioned the program expenses profile in the October 2010 Update, claiming unjustified and unexplained adjustments, We believe that program expense track in the October 2010 Update was seriously understateIn addition, both the Parliamentary Budget Officer [3] and ourselves questioned the program expenses profile in the October 2010 Update, claiming unjustified and unexplained adjustments, We believe that program expense track in the October 2010 Update was seriously understatein the October 2010 Update, claiming unjustified and unexplained adjustments, We believe that program expense track in the October 2010 Update was seriously understatein the October 2010 Update was seriously understated.

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.

Details of these adjustments are not provided in the Budget.

In the Public Accounts / Budget, an adjustment is made for taxes in dispute and likely not to be collecteIn the Public Accounts / Budget, an adjustment is made for taxes in dispute and likely not to be collectein dispute and likely not to be collected.

Although there is no «adjustment for risk» factor included in the deficit estimate for 2012 - 13, the results to date suggest that the deficit could still come in slightly lower than estimated in Budget 2013.

In the November 2016 Update, he stated that «the government will continue to evaluate risks between now and the time of Budget 2017 to determine the appropriate level of the adjustment for risk to be used in the Budget 2017 planning assumptions»In the November 2016 Update, he stated that «the government will continue to evaluate risks between now and the time of Budget 2017 to determine the appropriate level of the adjustment for risk to be used in the Budget 2017 planning assumptions»in the Budget 2017 planning assumptions».

In the April 2015 Budget, the Conservative government committed to allocating any unused portion of the risk adjustment factor to debt reduction.

The budget forecast already includes an annual «risk adjustment factor» of $ 3 billion beginning in 2014 - 15.

The Philippine organizers of the Global March mention following: widespread poverty and social inequality resulting in the erosion of the family's capacity to nurture and protect children, the rise of informal economy requiring simple skills and technologies, globalization of capitalism where underdeveloped nations provide the rich with cheap labor, disrupted family patterns due to migration, AIDS, etc. and inadequate basic services from government, including education, due to cut of the state budget of non-profit sectors to follow structural adjustment programme dictated by the IMF and the World Bank.

A cutback in Social Security's cost - of - living adjustment would save $ 5 to $ 10 billion a year, says Roger Strauss, cochair of a bipartisan commission seeking ways to reduce the national budget deficit.

But by having a solid budget in place and making adjustments where necessary, SAHMs are able to not... MORE only track all expenses but also bank money for rainy days, family vacations and even college funds.

The association released it's 2014 budget recommendations this week and the proposal includes phasing out the gap elimination adjustment and phasing in the foundation aid formula.

State aid in recent years has actually increased in state spending plans, while the budget this year closed the gap elimination adjustment.

The budget that year also ensured the end of the gap elimination adjustment for school funding, a concern Republican lawmakers had campaign on since it was put in place.

On the eve of President Obama's budget presentation, a Western New York Republican joined the AARP in criticizing an expected decrease in the amount paid out in Social Security benefits by restructuring cost of living adjustments.

Thanks to an aggressive campaign by ATU Locals across Connecticut, bus and train fare increases and service reductions that had been scheduled to take effect on July 1 have been canceled in a state budget adjustment bill signed by Gov. Malloy.

The city budget passed last year included a 2.5 percent cost - of - living adjustment, and in January the de Blasio administration announced that municipal workers and those working for contracted agencies will earn $ 15 an hour by the end of 2018.

A big adjustment for her as a freshman in Albany was realizing «the supremacy of the governor in the budget process,» she said.

The short legislative session in election years is ostensibly about making budget adjustments, but lawmakers find plenty of time to debate many other issues — some that have a fiscal impact and others that don't.

That was $ 91 million below the target set in the revised financial plan issued by Governor Cuomo's Division of the Budget (DOB) in mid-summer — which, based on weak first quarter performance, already had made a $ 600 million a year downward adjustment in projected annual tax revenues through 2020.

On Wednesday, Republican lawmakers in the Connecticut General Assembly released their plan for adjustments to the State's two - year budget they passed last year.

The resolution, approved earlier this month after some back - and - forth haggling over pre-Kindergarten spending levels, the public financing of political campaigns and the Dream Act, doesn't go into detail as to what the sales tax exemptions and adjustments would cost in revenue to the state budget.

BY SARA GILBERT The Rockland County Legislature held a special meeting on Tuesday, May 29 at the Allison - Parris County Office in New City to discuss proposed mid-year budget adjustments.

Including the DOB adjustment, this year's budget will depend on at least $ 5.7 billion in temporary federal «stimulus» funding.

The Rockland County Legislature held a special meeting on Tuesday, May 29 at the Allison - Parris County Office in New City to discuss proposed mid-year budget adjustments.

Last June, the Council signed off on a $ 82.1 billion budget, up from $ 78.5 billion the previous year, only to see the mayor tack on an additional $ 1.3 billion in November during the annual adjustment process.

However, no adjustments were made to the plan in the governor's 30 - day budget amendments, leaving the cost shifts as an expensive bargaining chip.

HARTFORD — On the heels of Gov. Dannel P. Malloy's proposed adjustments to the state budget — including potential cuts in state aid for municipalities — Democratic legislative leaders and mayors from throughout the state gathered at the Capitol Friday to praise one aspect of the budget that Malloy said won't change — property tax reform.

This year, for instance, the committee might come up with a half - million or so in adjustments in a $ 334 million executive budget submitted in late September.