Sentences with phrase «not balance the federal budget»

Not exact matches

The legislation, called PROMESA, would create a federal oversight board to help Puerto Rico governments balance their budgets, improve financial reporting and facilitate debt restructuring when voluntary agreements between creditors and borrowers can not be reached.

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.»

Jack Layton unveiled the NDP's policy platform today. Among other things, it promises to eliminate the deficit (i.e. balance the federal budget) within four years. I'm not sure it should.

Canada's economy will not fully recover until 2013 and the federal government will carry a structural budgetary deficit of C$ 19 billion ($ 17.6 billion) after the crisis, a report by the parliamentary budget officer said on Monday... «PBO calculations continue to suggest that the budget is not structurally balanced over the medium term,» the report said.

This was not an issue when the federal government was in deficit but became one once the budget was balanced and annual surpluses, larger than forecast, emerged.

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

Obviously, the frugal Franciscan Friars who take a vow of poverty and who run the topic University need to balance the school budget, something our federal, state and local government obviously are not capable of regarding their own budgets.

We support a balanced budget, but to do so will require deep cuts in the mandatory spending that account for two - thirds of federal spending — not much smaller discretionary accounts like foreign assistance, which represents less than two - thirds of one percent of the budget.

• So could the many other bills that need to be passed by tomorrow, including but not limited to: New York City's adjusted sales tax, which is needed to balance the city budget; a bill to renew federal support for special education; and a bill to allow the city to continue to sell bonds to raise money.

While I am against raising taxes in general, if taxes need to be raised to create jobs, balance the budget and lower the deficit then those increases need to be done at the federal level and on the wealthiest Americans, not the middle class.

It wasn't easy, but 9th graders at Winter Park High School in Florida have drafted a $ 182 billion savings plan to balance the federal budget.

Education spending has still yet to recover from the Great Recession in many states.11 Because of state constitution balanced - budget provisions, when faced with significant federal funding cuts, states are forced to either further cut education programs or raise taxes.12 The idea of further raising taxes to backfill Trump's education funding cuts simply is not practical in states such as Maryland, 13 Illinois, 14 and New Jersey, 15 which are struggling to fund their current responsibilities.

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We know the federal government is not very good at maintaining a balanced budget that keeps bills and obligations paid on time.