Sentences with phrase «of balancing his budget on»

«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 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.
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 201On 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 201on 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.
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