Sentences with phrase «of budget adjustments»

It is better to work on paying off the high - interest unsecured debt by means of budget adjustments and other options.

Not exact matches

«This should be coupled with maintaining the fiscal adjustment to reduce the level of budget deficit, reforming the banking system, especially banks who are facing difficulties, and allow the private sector to grow,» Azour said.

The unanimous vote by the financial review commission, which was created as part of the city's federal court - approved debt adjustment plan, enables Detroit's elected officials to enact budgets and enter into contracts without first obtaining the board's approval.

The inadequate level of «risk adjustment» in the forecast seriously undermines the «credibility» of the latest fiscal update as a basis for budget planning.

The inadequate level of «risk adjustment» in the forecast seriously undermines the «credibility» of the latest fiscal update as a basis for budget planning and the ability to claim a budgetary surplus over the medium term.

The RSC budget make Social Security sustainably solvent by implementing a slightly modified version of Representative Sam Johnson's (R - TX) «Social Security Reform Act,» which would slow initial benefit growth for higher earners, gradually raise the normal retirement age to 70, and eliminate annual cost - of - living adjustments for higher earners while using the more accurate chained Consumer Price Index (CPI)(currently used for the tax code) for other beneficiaries.

As a result, compared to the March 2012 Budget planning assumption, the level of nominal GDP is $ 9 billion lower in 2012 — this consists of a «risk adjustment factor» of $ 7 billion and the difference between the change in the private sector average forecast of $ 22 billion less the March 2012 Budget «risk adjustment factor» of $ 20 billion.

If the adjustments come at the end of the fiscal year, it will be difficult for provinces to manage their budgets accordingly.

However, in setting the expenditure track for a budget, the Department of Finance would take into account that departments will not be spending all of their appropriations, through what is known as the «lapse» adjustment.

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»).

The required administrative savings will, therefore, result in an offsetting reduction in the lapse adjustment, which the Department of Finance did not take into account in Budget 2010.

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.

Over the past few years, the government has included a $ 1.5 billion «risk adjustment factor» in the first year of their budget plan, given that the fiscal year is already half over, and $ 3 billion in each thereafter.

For the last few budgets, the Minister of Finance has included an «adjustment for risk», in order to ensure that the annual fiscal targets are met.

If the deficit was due to «extraordinary developments», the budget could be in balance the following year, especially if the government maintains its practice of including a risk adjustment factor or Contingency Reserve (normally $ 3 billion) in its budget projections.

Prior to 2006, budgets and budget updates explicitly presented the amount of the adjustment for risk (Contingency Reserve and Economic Prudence) as separate line items.

Minister Flaherty's commitment to balance the budget in 2015 - 16 is seriously at risk because of this adjustment.

However, after year one of the Budget Plan, this adjustment has remained constant over the remaining years of the Plan.

The required administrative savings will, therefore, result in an offsetting reduction in the lapse adjustment, which the Department of Finance did not take into account in either the 2010 or 2011 Budgets.

In the 2012 Budget, the Minister of Finance revised down the deficit forecast for 2011 - 12, from $ 31.0 billion in the November 2011 Economic and Fiscal Update to $ 24.9 billion, of which $ 3 billion was due to the elimination of the «adjustment for risk to revenues».

In the 2013 Budget, a surplus of $ 0.8 billion was projected, including a «risk adjustment factor» of $ 3 billion.

However, in setting the expenditure track for a budget, the Department of Finance assumes that departments will not be spending all of their appropriations, through what is known as the «lapse» adjustment.

Shouldn't he at least consider the recommendation of the International Monetary Fund in its October review of Canada, that «there is room to delay the adjustment needed to return to a balanced budget in 2015, if there is no meaningful pick - up in economic growth»?

Details of these adjustments are not provided in the Budget.

Mexico also continued to make responsible fiscal adjustments by cutting its budget to cope with the impact of lower oil prices.

In the November 2016 Update, he stated that «the government will continue to evaluate risks between now and the time of Budget 2017 to determine the appropriate level of the adjustment for risk to be used in the Budget 2017 planning assumptions».

In the April 2015 Budget, the Conservative government committed to allocating any unused portion of the risk adjustment factor to debt reduction.

The budget forecast already includes an annual «risk adjustment factor» of $ 3 billion beginning in 2014 - 15.

The Philippine organizers of the Global March mention following: widespread poverty and social inequality resulting in the erosion of the family's capacity to nurture and protect children, the rise of informal economy requiring simple skills and technologies, globalization of capitalism where underdeveloped nations provide the rich with cheap labor, disrupted family patterns due to migration, AIDS, etc. and inadequate basic services from government, including education, due to cut of the state budget of non-profit sectors to follow structural adjustment programme dictated by the IMF and the World Bank.

A cutback in Social Security's cost - of - living adjustment would save $ 5 to $ 10 billion a year, says Roger Strauss, cochair of a bipartisan commission seeking ways to reduce the national budget deficit.

With easy adjustments, quick cleaning and a versatile range of use, this high chair is best for budget - conscious families who want a one - chair option for home and travel — for years to come.

Trustees approved the same cost - of - living adjustment percentage last year and funding is available within the 2014 budget, according to documents provided to trustees.

«the rates of assessment for peacekeeping operations should be based on the scale of assessments for the regular budget of the United Nations, with an appropriate and transparent system of adjustments based on levels of Member States».

The budget that year also ensured the end of the gap elimination adjustment for school funding, a concern Republican lawmakers had campaign on since it was put in place.

On the eve of President Obama's budget presentation, a Western New York Republican joined the AARP in criticizing an expected decrease in the amount paid out in Social Security benefits by restructuring cost of living adjustments.

The city budget passed last year included a 2.5 percent cost - of - living adjustment, and in January the de Blasio administration announced that municipal workers and those working for contracted agencies will earn $ 15 an hour by the end of 2018.

A big adjustment for her as a freshman in Albany was realizing «the supremacy of the governor in the budget process,» she said.

The short legislative session in election years is ostensibly about making budget adjustments, but lawmakers find plenty of time to debate many other issues — some that have a fiscal impact and others that don't.

Most of their day was spent debating a «big ugly» revenue language bill that dealt with dozens of Issues like authorizing ride - hailing services, subsidizing tuition at state schools, reviving the 421 - a tax credit and expanding Gov. Andrew Cuomo's power to make mid-year budget adjustments.

That was $ 91 million below the target set in the revised financial plan issued by Governor Cuomo's Division of the Budget (DOB) in mid-summer — which, based on weak first quarter performance, already had made a $ 600 million a year downward adjustment in projected annual tax revenues through 2020.

The resolution, approved earlier this month after some back - and - forth haggling over pre-Kindergarten spending levels, the public financing of political campaigns and the Dream Act, doesn't go into detail as to what the sales tax exemptions and adjustments would cost in revenue to the state budget.

Gov. Dannel P. Malloy, left, listens as Ben Barnes, secretary of the state Office of Policy and Management, right, speaks about the budget adjustments that they are proposing for the 2019 fiscal year during a press conference at the state Capitol.

HARTFORD — On the heels of Gov. Dannel P. Malloy's proposed adjustments to the state budget — including potential cuts in state aid for municipalities — Democratic legislative leaders and mayors from throughout the state gathered at the Capitol Friday to praise one aspect of the budget that Malloy said won't change — property tax reform.

«Given the unique structure of the bonds, the State will realize the savings it is due over the next three state fiscal years through the adjustment of sales tax receipts otherwise payable to New York City,» reads the language in the governor's budget proposal unveiled last week.

The majority of amendments were offset with adjustments to revenues or expenses in other budget lines.

For now, none of the county executives have budgeted specifically for the SALT deductions being taken away, but acknowledged adjustments may have to be made.

Kremer says this years budget pays off $ 500 million of that debt, and if the economy continues improving, the gap elimination adjustment ought to be out of the picture in two to three years.

Minister of Finance, Mrs Kemi Adeosun, said the delay in passage of the 2018 budget would have some impact on the nation and cause some adjustments in implementation.

What's wrong here is that the nation's high - profile example of statewide, campaign finance reform — sullied, tainted, smeared and diluted as it is — was reduced to a line - item battle in a midyear adjustment of a $ 20 billion budget.

«Tax collections are well below initial projections, and the Division of the Budget has made adjustments,» DiNapoli said Friday.