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.
Eight months earlier, when a Conservative member of the House of Commons finance committee asked him to comment on the merits
of a balanced budget, Poloz demurred.
After eight consecutive years of deficits the goal
of a balanced budget remains elusive.
They elevate the importance
of balanced budgets by trying so hard to convince voters that they too would run tight fiscal policy.
The economic landscape since then has clouded over considerably, suggesting that the achievement
of a balanced budget by fiscal 2015 - 2016 could be too rosy an assumption.
In Mr. Cross» defense, he does not appear to be a fan
of balanced budget legislation in the first place.
TORONTO — Fitch Ratings downgraded Ontario's long - term debt rating Friday, highlighting «risks» on the path to the Liberal government's target
of balancing the budget by 2017 - 18.
And why was this change allowed to proceed, when other promised tax initiatives have to await the achievement
of a balanced budget?
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 - 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.
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.
As incoming PM Justin Trudeau told the Financial Times «people keep telling me we have made a risky choice in this time when there is this political mantra
of balanced budgets as a way to demonstrate responsible leadership.
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.
On balance, we do not believe that the November 2012 Update fiscal forecast was credible and coupled with the slowdown in economic growth in 2013, the possibility
of a balanced budget for 2015 - 16 is seriously at risk, unless additional significant restraint measures are implemented.
If, however, the deficit for 2013 - 14 were to come in much lower than forecast in the November 2013 Update, then the possibility
of a balanced budget or surplus increases considerably for 2014 - 15.
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.
In my recent National Post column, I make reference to some back - of - envelope calculations to the effect that replacing the fiscal anchor
of balanced budgets to one of a fixed debt - GDP ratio allows the federal government to increase spending by 1.2 percentage points of GDP, or by about $ 25 billion.
With the Alberta twist on LOL — lower for longer oil prices — the government has cancelled its earlier promise
of a balanced budget by 2020.
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.
Inflation wasn't a problem during the Eisenhower years; but it might have been had Eisenhower himself not been both a proponent
of balanced budgets and an inflation hawk.
He stressed the importance
of balanced budgets earlier this month when announcing former Saskatchewan finance minister Andrew Thomson would be running as an NDP candidate in Toronto.
«We have a plan for investing in infrastructure and housing, but it's all done within the framework
of a balanced budget,» Mulcair said in Kamloops, B.C.
The GOP forgot their roots
of a balanced budget and getting the government out of our bedroom and life.
It has to be in respect
of a balanced budget, we have resources but the problem is finding players.
SLF believes that future governments must be careful not to sacrifice a dynamic economy with rising living standards for the sake
of balanced budgets by a set date — especially if this means spending cuts that effect the most vulnerable.
Its top - line pledges
of a balanced budget, tax - cuts for the low - paid, investment in health and education, and environmental protection will not be deal - breakers for either the Red or Blue negotiating teams.
The Legislature as an institution and the members individually are not blameless, to be sure, but the Governor, who offered the first ever out
of balance budget to the Legislature, is hardly the appropriate person to be shooting darts.
Intent: it is determined that the maintenance
of a balanced budget throughout the County's fiscal year is critical to the fiscal integrity of the county and is thus an important public objective.
Irwin sees the approval of the 2016 budget as a top concern, and expects that the goal
of a balanced budget will occupy much of his time and energy through November.
That could happen here, too, because the people are sick and tired of bearing the brunt
of balancing the budget.»
They aren't joking and are very seriously considering ways for schools towns villages cities counties to get around the tax cap so they can raise taxes instead
of balancing their budgets.
But Republicans are hitting back, attacking Democrats for their lack
of a balanced budget one day before Senate Budget Chairwoman Patty Murray is expected to make public the Senate's budget plan.
«Instead
of balancing the budget on the backs of hard - working Wisconsinites, we need to come up with a balanced approach that looks at shared sacrifice from everyone.»
The Reform Party shall hold President elect Donald Trump to his promises
of balanced budgets, infrastructure renewal, term limits and trade reform.
The question
of balancing a budget without overtaxing the homeowners, and paying your workers with new contracts at the same time, is not unique to Yonkers.
Suozzi reflected on eight years
of balanced budgets during his time in office.
While slower revenue growth has the potential to make the task
of balancing the budget more difficult, my administration will continue to make the tough, fiscally responsible choices to make government more efficient, while still making critical investments in county services.
Outyear projections serve an important purpose: They show the policy choices and tradeoffs the Administration and Congress have assumed in order to achieve the goal
of a balanced budget.
AAAS Analysis of Outyear Effects
of Balanced Budget Plans on Nondefense R&D
Section 4558 (b)
of the Balanced Budget Act (BBA) requires CMS to develop and implement by January 1, 2000, a method to measure and report the quality of SEO - friendly
If you sell your courses to customers, choosing an eCommerce platform is a case
of balancing your budget with the features you genuinely need.
The new school budgets released by CPS last week continue the trend
of balancing the budget on the backs of school children and teachers.
Mayes's leadership helped deliver a remarkable record
of balanced budgets without tax increases.
Because
of these balanced budget requirements, states can not borrow to fund current services.
«But outside
of balancing the budget, none of the other things, especially student achievement, have showed.»
And the other great moral and political questions of the great debate on salt and iron — the need for profits, the rights and obligations of nobility, aid to the poor, the importance
of a balanced budget, the appropriate tax burden, the risk of anarchy, and the dividing line between rule of law and tyranny — have all remained unresolved issues.
Killeen's city government is proud
of their balanced budget, as well as their plan for fiscal stability in the future.