«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 new school budgets released by CPS last week continue the trend
of balancing the budget on the backs of school children and teachers.
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..
What Oliver should have done was backtrack
on Harper's pledge to
balance the
budget, recognizing that the collapse
of oil prices would cause private investment to disintegrate.
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.
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.
Another beneficiary
of the Tea Party wave, Mulvaney serves
on the
Budget Committee, and earned conservative cred as a co-author
of the Republican «Cut, Cap and
Balance» legislation.
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.
«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.
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.
Last year, when asked about
balanced budget legislation he told the House
of Commons Standing Committee
on Finance «I don't think writing something into law, and then expecting that future governments will be held by that, is realistic.»
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.
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.
While tales
of old are no substitute for new victories and a lack
of focus
on the American market is a concern, manufacturers did quite well — especially given that we have a government devoted to
balancing the
budget.
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.
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 Budget
budget, 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.
Interestingly, though, the Department
of Finance just came up with a new feature for the 2012 edition
of the Fiscal Reference Tables, which were made public
on Friday: estimates for the «cyclically - adjusted
budget balance.»
The Vancouver Board
of Trade, representing 5,000 business members across Greater Vancouver and B.C., has assigned an overall grade
of «A» to B.C.
Budget 2015, based
on the government's steadfast commitment to
balancing the books, reducing debt, and stoking a variety
of sectors
of our economy.
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.»
For all the years
of GOP lawmakers calling for
balanced budgets, at least
on paper, the House
budget would reach
balance, while the Senate
budget would not.
(Insert reference) The Minister
of Finance, Joe Oliver was completely silent, indicating only that the Government remained
on track to a
balanced budget in 2015 - 16.
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.
Panel 3 provides an estimate
of the net impact
of the proposed spending and revenue increases
on any future
budget balance.
As a result, the impact
of capital spending
on the budgetary
balance is spread out over its economic life, thereby minimizing its impact
on the
budget balance.
Based
on the above, the magnitude
of their proposed savings is not realistic and unless additional actions are taken, the
budget will not be
balanced in 2014 - 15.
They argue that, since 2009, the federal government's plans to
balance the
budget have been based
on «risky projections, optimistic forecasts
of revenue growth and unrealistic plans for spending restraint», which have resulted in increases in the projected deficit with each successive
budget, and the pushing out
of the date that the deficit would be eliminated.
«
Balancing the
budget for a fourth year in a row --- while other provinces grapple with debt, deficits, and economic uncertainty — is an accomplishment that gives the business community reassurance that B.C. is
on the correct course,» said Iain Black, President and CEO
of The Vancouver Board
of Trade.
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.
On -
budget balance, which excludes Social Security and the Postal Service, is a less ambitious fiscal goal than the House
budget's goal
of balancing the unified
budget.
This large difference leads to two conclusions: first, fiscal forecasting by the Department
of Finance has lost all credibility, and second, the Government is
on track to meet its
balanced budget commitment for 2015 - 16 if not sooner.
On Wednesday — while trying on a new pair of budget shoes in Toronto — he said the blueprint will «try to create that balance» between promoting economic growth and balancing the books by 201
On Wednesday — while trying
on a new pair of budget shoes in Toronto — he said the blueprint will «try to create that balance» between promoting economic growth and balancing the books by 201
on a new pair
of budget shoes in Toronto — he said the blueprint will «try to create that
balance» between promoting economic growth and
balancing the books by 2015.
VICTORIA, B.C. — The Vancouver Board
of Trade, representing 5,000 business members across Greater Vancouver and B.C., has assigned an overall grade
of «A» to B.C.
Budget 2015, based
on the government's steadfast commitment to
balancing the books, reducing debt, and stoking a variety
of sectors
of our economy.
On balance, the final deficit outcome for 2012 - 13, which will not be known until the audited results are released in the fall
of 2013, could be slightly lower than the
Budget 2013 estimate
of $ 25.9 billion.
«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 explained.
Based
on our assessment
of the proposed expenditure «savings», we believe that the Government will not
balance the
budget in 2015 - 16, and may have difficulty in achieving a
balanced budget by 2016 - 17.
Mr. Flaherty also said Canada remains
on track to
balance its
budget for the 2015 - 2016 fiscal year — and Canadians are due to go to the polls in the fall
of 2015.
On Wednesday, a report published by Quebec's interim auditor general said the PQ's goal
of achieving a
balanced budget by 2015 - 16 was «to say the least, ambitious,» particularly if it rules out tax hikes and caps government - spending increases at two per cent over the next two years.
Until a
balance is restored between supply and demand, though, Saudi Arabia is willing to endure the current low price
of oil, even as its own
budget, heavily reliant
on energy revenues, faces a deficit
of $ 98 billion, or 15 percent
of gross domestic product, for fiscal 2016.
Budget balance has been achieved despite a slowing economy and new tax cuts mainly by doing almost nothing new
on the spending side for the coming fiscal year
of 2015 - 16.
«We remain
on track for a
balanced budget in 2015,» Rob Nicol, the prime minister's chief spokesman, said in a statement following the release
of the parliamentary
budget office's report.
However,
on balance, the FES forecast
of direct program expenses appears credible, and the growth profile broadly consistent to those forecast in the 2015
Budget.
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 you are spending 60 %
of your monthly take - home pay
on your mortgage payment alone,
balancing your
budget will be challenging so long as you remain in your home or don't find additional income.
The mandate letter sent by the Prime Minister to the Minister
of Finance calls
on him to
balance the
budget by 2019 - 20 and to «reduce the debt to GDP ratio throughout our mandate.»
On balance, the results to date appear to be consistent with the March 2017
Budget forecast
of a deficit
of $ 23.0 billion.
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.
The House
of Representatives will vote
on a
balanced budget amendment to the Constitution
on Thursday.
 The Harper government's decision last year to write off every penny
of the auto aid and thus build it all into last year's deficit calculation (which I questioned at the time as curious and even misleading) has already been proven wrong. Since the money was already «written off» by Ottawa as a loss (
on grounds that they had little confidence it would be repaid — contradicting their own assurances at the same time that it was an «investment,» not a bail - out), any repayment will come as a gain that can be recorded in the
budget on the revenue side. Jim Flaherty has learned from past Finance Ministers (especially Paul Martin) that it's always politically better to make the
budget situation look worse than it is (even when the bottom has fallen out
of the
balance), thus positioning yourself to triumphantly announce «surprising good news» (due, no doubt, to «careful fiscal management») down the road. The auto package could thus generate as much as $ 10 billion in «surprising good news» for Ottawa in the years to come (depending
on the ultimate worth
of the public equity share).
A dramatic increase in debt differs starkly from the rumored goal
of on -
budget balance for the overall Senate
budget resolution.