Sentences with phrase «increasing operating deficit»

Not exact matches

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»).

If the deficit is due to an economic recession, defined as two consecutive quarters of negative growth in real gross domestic product, or to «extraordinary events», such as a natural disaster or war, that results in an «cost» of more than $ 3 billion, then the operating budgets of departments and agencies would be automatically frozen to pay for any wage increases.

This profile reflects in part the operations of the employment insurance (EI) program, with premium rates increasing to 2016 and falling thereafter, as the deficit in the EI Operating Account is «paid off».

A government operating such a deficit at a time when an increasing share of the nation's debt is held by foreigners is effectively concealing from the public the real nature of future burdens.

This year's UTLA operating deficit was estimated at $ 1.5 million, fueled in large part by increased costs for staff retiree health benefits.

In a statement, the school administration said that Cooper «has experienced decades of substantial operating deficits caused by a consistent pattern of cost increases that have exceeded the growth of its revenues.»