Sentences with phrase «of a balanced budget in»

As we have indicated, the achievement of a balanced budget in 2015 - 16 is not an economic or fiscal imperative, although the Government has made it a political imperative.

Its key commitment of balancing the budget in 2015 - 16 is at risk, although Finance officials will be under pressure to come up with innovative ways to show a balanced budget for 2015 - 16.

All this was necessary to pay for the Family Tax Cut package while still honouring the Government's commitment of a balanced budget in 2015 - 16.

This, along with an overly rosy economic forecast and increased enforcement and compliance by the Canada Revenue Agency were the main factors underlying the government's forecast of a balanced budget in 2015 - 16.

If not, then the possibility of a balanced budget in 2014 - 15 and 2015 - 16 would be unlikely.

If the deficit for 2013 - 14 is as currently projected, the probability of a balanced budget in 2014 - 15 is low or nil.

As we noted in our article entitled «What are the Chances of a Balanced Budget in 2014 - 15 (www.3dpolicy.ca), the probability of eliminating the deficit in 2014 - 15 depends largely on how much better the deficit outcome will be for 2013 - 14.

Not exact matches

April 30 - A state of Michigan board voted on Monday to end active oversight of Detroit's finances after the city managed to balance its budgets since exiting bankruptcy in 2014..

He warns us that history is about to repeat itself in Alberta, Ontario, Quebec, and most of the rest of the provinces unless they rediscover the religion of balanced budgets.

Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil prices to be in order to balance their budgets that have been stretched thin in the price plunge.

When asked to rate how important it was to run a balanced budget, May said: «In the scheme of things, not very.»

Poloz and his deputies were working in the shadow of a prime minister who was committed to balancing the budget.

April 30 (Reuters)- A state of Michigan board voted on Monday to end active oversight of Detroit's finances after the city managed to balance its budgets since exiting bankruptcy in 2014.

Net debt as a share of GDP is low (only Saskatchewan and Alberta's are lower), and B.C. has a shot at balancing the budget in 2013 - 14 — along with Saskatchewan, Quebec, and Nova Scotia.

Together, these revenue increases are projected to be sufficient to balance the budget in each of the next three years.

OTTAWA — Mandatory balanced - budget legislation, interprovincial booze runs, public sector bashing and lifetime prison terms are among a grab bag of populist Conservative promises in a mid-mandate policy makeover.

The boom years for employment and balanced federal budgets in the 1990s had everything to do with the emergence of the Internet rather than with any enlightened economic policies.

«The survey findings confirm that budget - constrained small businesses are playing tug of war when it comes to balancing smart IT purchasing decisions and their budgets,» Stephen DiFranco, the general manager of HP's Personal Systems Group — Americas, said in a statement.

Legislators in a handful of oil - rich states are struggling to do the seemingly impossible as the 2016 fiscal year draws to a close this week: balancing their budgets, as required by law, despite massive declines in revenues due to falling oil prices.

«How he gets to balanced budget is open to debate,» says Philip Romero, dean of the College of Business and Economics at California State in Los Angeles.

There is plenty of time to introduce these commitments in future budgets: they came with the proviso they would not be implemented until the budget was balanced, which the Department of Finance forecasts will occur in fiscal 2015 - 2016.

While Congress generally found a way around the most unpleasant aspects of 1980s - era cliffs, their presence imposed a parsimonious mood on Washington that eventually resulted in the balanced budgets of the Clinton years.

The parliamentary budget office's report says the slippage in spending is likely to affect the budgetary balance sheet by reducing planned deficits in one year at the expense of deeper spending in future years.

«If you look out into the medium term, the effect is okay so that we can balance the budget in the medium term — and that is around 2014 - 2015 or so, depending on the degree of economic growth,» Flaherty said.

The slump has left the province facing a budget deficit and Prentice in the tough position of balancing the books while maintaining his commitment not to hike taxes.

While budget 2013 didn't feature many goodies for the personal finances and portfolios of Canadians, there was good news in the commitment to balance the budget by 2015.

Page 287 of the 2014 Budget has an estimate that a 1 - percentage point decrease in GDP growth would reduce «the budgetary balance by $ 3.7 billion in the first year, $ 4.5 billion in the second year and $ 6.0 billion by the fifth year.»

We also recognize that balanced budgets are important to the long - term prosperity of this country, inspiring confidence in investors and consumers, whose dollars grow the economy and create jobs, and ensuring interest rates stay low.

He is a strong proponent of a smaller local government and supports cuts to certain popular programs and caps on entitlements to township employees to keep the budget in balance.

«The strong improvement of the budget balance in 2017 was to a large extent the result of the improving economic environment,» Maartje Wijffelaars, an economist at Rabobank, told CNBC via email.

In Mr. Cross» defense, he does not appear to be a fan of balanced budget legislation in the first placIn Mr. Cross» defense, he does not appear to be a fan of balanced budget legislation in the first placin the first place.

Many of these companies already enjoyed a bump in share prices when the Liberals won the election, and again after the budget announcement, but Nazir thinks the real gains will come once the extra cash starts showing up on balance sheets.

«It is thus important to realize that in the current environment of low long - term interest rates, fiscal prudence does not require bringing the annual budget balance to zero almost immediately,» he wrote in a paper for the Bennett Jones law firm.

Before incorrectly blaming the Fed and the ECB for their allegedly ineffective monetary policies, investment strategists would do well to reflect on the depressive impact of an unreasonable haste to balance budgets, and on political leaders» inability to strengthen the financial systems (in the U.S. and in Europe) and to negotiate a better balanced world economy.

The best fiscal rules are more flexible, promising to keep the structural deficit in check, for example, or pledging to balance the budget over a number of years.

The trend of improved budgetary balances through lower interest rates continues in Budget 2015.

Instead of front - loading austere budgetary measures and cruising to a balanced budget, the government has chosen to stay the course on the plan mapped out in Budgetbudget, the government has chosen to stay the course on the plan mapped out in BudgetBudget 2014.

[105] On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in 2010.

In normal circumstances he believed in a balanced budget and maybe a bit of a surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalanceIn normal circumstances he believed in a balanced budget and maybe a bit of a surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalancein a balanced budget and maybe a bit of a surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalances.

It will require balanced budgets during normal economic times, and concrete timelines for returning to balance in the event of an economic crisis.

Tommy Douglas was a balanced - budgets kind of guy — didn't believe in owing money to bankers.

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.»

The Prime Minister, in his recent comments about balancing the budget before the next election, also appears to agree with PBO and not his Minister of Finance..

Using the sensitivity analysis provided by the Department of Finance in the April Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015budget balance of approximately $ 2.5 billion in 2015 - 16.

It has recently been reported that the University of Alberta wants to «reopen two - year collective agreements» with faculty and staff «to help the university balance its budget...» This appears to be in direct response to Alberta's provincial government announcing in its March budget that there would be a «7 % cut to operating grants to universities, -LSB-...]

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»).

In the absence of tax increases, the government will not be able to achieve its goal of a balanced budget by 2015 - 16 without major cuts in direct program expenses and the elimination of «boutique» tax expenditures in the order of $ 8 to $ 11 billion by 2015 - 1In the absence of tax increases, the government will not be able to achieve its goal of a balanced budget by 2015 - 16 without major cuts in direct program expenses and the elimination of «boutique» tax expenditures in the order of $ 8 to $ 11 billion by 2015 - 1in direct program expenses and the elimination of «boutique» tax expenditures in the order of $ 8 to $ 11 billion by 2015 - 1in the order of $ 8 to $ 11 billion by 2015 - 16.

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.

Perhaps we will see what they mean when they finally come out with the specifics of their «Balanced Budget Legislation», which they announced in their 2011 election campaign.

The current monthly results, along with the surprising better - than - expected economic growth for the second quarter of 2014, strongly suggest that the federal government will post a surplus in 2014 - 15, one year ahead of their political commitment to balance the budget in 2015 - 16.