Sentences with phrase «of government budget deficits»

Not exact matches

In a recent speech to the Empire Club of Canada, Manley recalled that, while serving as industry minister, he had his departmental budget cut by 50 % as the government struggled to eliminate a close to $ 40 - billion deficit.

It also requires the Spanish government to present by the end of this month plans to reduce its budget deficit to under 3 percent of the country's gross domestic product by 2014.

The Spanish government is targeting a total budget deficit equal to 6.3 percent of GDP this year, revising downward its deficit outlook to 2.8 percent in 2013.

WASHINGTON (AP)-- The combined effects of President Trump's tax cuts and last month's budget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Obudget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Obudget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget OBudget Office.

Prodi, the head of Italy's 61st government since World War II, made the unpopular mistake of suggesting higher taxes would be the way to fight the budget deficit.

Thirteen months later, with Canadians staring at a $ 56 - billion crater in the government's finances, the minister got testy with reporters who were asking for his response to a report from the Parliamentary Budget Office that predicted a federal deficit of nearly $ 20 billion in 2013 - 14.

Through a combination of $ 1 billion from the sale of GM shares, a $ 2 billion reduction in the contingency fund and $ 1.8 billion taken out of Employment Insurance (a holdover from Budget 2014), the federal government was able to turn a modest deficit into a $ 1.4 billion surplus.

The Portuguese government could soon end 25 consecutive years of budget deficits — a historic moment for the indebted economy.

Fedosejevs was part of a group of fusion researchers who requested $ 21 million from the Alberta government in 2009 to establish an Alberta - Canada Fusion Energy Institute, but their timing was poor, given that the province was about to announce its first budget deficit in 15 years.

So the government is stuck between the rock of boosting its spending for 11MP goals and the hard place of keeping its budget deficit under control amid declining oil revenue.

The software had generated buzz through word of mouth in ERs across the country, after government officials in Washington, reeling from a budget deficit, threatened in 2011 to limit Medicaid reimbursement to three non-emergency visits per year.

As talk about the economy has largely focused on tax cuts, the U.S. budget deficit and the potential for trade tariffs, one of the biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.

Tuesday's budget showed the Liberal government is still predicting billions of dollars in annual deficits over the next six years.

But given the chance to elaborate on how far he is willing to bend in other areas the size of the deficit, whether it would exceed his previous $ 10 - billion threshold, moving up the budget timetable Trudeau would only say his government would put forward a budget that is «the right one for Canadians.»

In the June 2011 Budget, the Government forecast a deficit of $ 32.3 billion.

Posted by Armine Yalnizyan under budgets, Conservative government, deficits, federalism, fiscal federalism, global crisis, housing, IMF, income distribution, income tax, inequality, macroeconomics, OECD, public infrastructure, Role of government, StatCan, stimulus, taxation, TFSA, World Bank.

Notwithstanding the Conservatives» repeated rejections of the PBO claim, last year's budget was an implicit admission that a significant portion of the federal government's deficit was structural.

Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.

In the February 2014 Budget, the federal government forecast a deficit of $ 16.6 billion.

Posted by Nick Falvo under Bank of Canada, budgets, China, Conservative government, deficits, economic crisis, economic growth, employment, exchange rates, federal budget, fiscal policy, global crisis, household debt, IMF, interest rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.

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.

The effect of a cash transfer from the Fed to the household sector is almost identical to receiving a tax rebate check, with the added benefit that it causes the budget deficit to fall, not rise (Tax revenues will rise and there has been no increase in government borrowing).

O'Neil said he's skeptical about the assumptions that a Trump agenda of increased government spending and tax cuts will be fully enacted and lead to faster growth, higher inflation and bigger budget deficits.

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.

The federal government recorded a budget deficit of $ 215.2 billion in February, up significantly from a year ago as the impact of the GOP tax cuts passed in December begin to surface.

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.

Given the government's track record, the Fraser Institute is quite justified in questioning why Canadians should believe the Minister of Finance that the budget will be balanced in 2016 - 17 or the Prime Minister who still claims that the deficit will be eliminated in 2015 - 16.

It appears that either the Department of Finance is unable to forecast direct program expenses, or the Minister of Finance has adopted the previous government's approach of ensuring that his deficit targets are met or bettered by «hiding» extra prudence in his budget forecasts — an approach he criticized the previous government for.

She called on the government to clearly outline the impacts on jobs and services of any potential cuts in Thursday's budget, as the Conservatives chip away at an estimated $ 26 - billion deficit.

In the 2012 Budget, the Government forecast a deficit of $ 21.1 billion for 2012 - 13.

The Federal government is expected to boost the amount it intends to borrow in the coming months, as the Treasury contends with declining tax receipts as a result of the recent corporate and personal tax cuts, as well as widening budget deficits and a Federal Reserve that is slowly reducing its own holdings of government bonds.

But, in the 2013 Budget, the Government again decided to set a target with an explicit date — elimination of the deficit in 2015 - 16.

At the same time, however, the enormous increase in government liabilities stemming from an ongoing budget deficit and huge financial rescue efforts is likely to result in normal if not elevated levels of inflation as the economy recovers.

Along with a government budget deficit of $ 1.2 trillion, that's nearly $ 2 trillion in new government debt that will need financing annually.

President Donald Trump on Monday will offer a budget plan that falls far short of eliminating the government's deficit over 10 years, conceding that huge tax cuts and new spending increases make this goal unattainable, three people familiar with the...

In the 2006 Budget, the government promised to reduce the deficit by $ 3 billion per year; to reduce the federal debt - to - GDP ratio to 25 per cent by 2012 - 13; to eliminate the total government sector debt (which includes the federal, provincial and local governments as well as the Canada and Quebec pension plans) by 2021; and finally, to keep the growth in program expenses below the rate of growth in nominal GDP.

Posted by Nick Falvo under Bank of Canada, banks, budgets, Conservative government, consumers, deficits, economic growth, economic models, economic thought, employment, Europe, exchange rates, federal budget, fiscal policy, household debt, housing, inflation, interest rates, monetary policy, oil and gas, prices, Role of government, social indicators, tar sands, US.

The current forecast of the deficit depends significantly on the government achieving the full cost savings of the restraint measures introduced in previous budgets and Updates.

Such counsel flouts the current policy stance of the federal Conservative government, which is to eliminate the budget deficit next year.

Hungary's budget deficit was 1.73 trillion forint in 2011, 252 percent of the government's initial year - end target, after the government assumed debt from counties and the state railway company in December, the Economy Ministry said in an e-mailed statement today.

With the federal budget coming soon, it is also worth recalling that the Liberals promised to run deficits of no more than $ 10 - billion for a maximum of three years, but the government's latest projections peg its annual deficits at almost $ 30 - billion with no timeline for returning to a balanced budget.

Posted by Marc Lee under budgets, debt, deficits, federal budget, macroeconomics, public services, Role of government, stimulus, taxation, US.

Oct. 18, 2009 - George Papandreou's new Socialist government reveals that the budget deficit is set to rise to at least 12 percent of gross domestic product, double the previous...

The government's budget had less short - term impact on financial markets, but there is starting to be a clear pattern whereby the closing of the budget deficit (and the stabilisation of government debt) which were supposed to be achieved by 2015 are continuously being pushed further into the future.

This Roth IRA account would serve as an insurance towards government's propensity to tax hard - working citizens and beat the crap out of them Thanks to the ballooning budget deficit, I see miles long red ink over there and a small amount in these accounts is highly desirable, and what I call a responsible act to save our skin.

Sound financial policy requires that the Government fully fund any budget deficit by issues of securities to the private sector at market interest rates, and not borrow from the central bank.

The budget makes it very clear that the government is rejecting an «austerity» fiscal strategy and instead is prepared do run relatively small deficits (1/2 of 1 % of GDP), resulting from investments in both physical and human capital.

The government's 2015 election platform originally proposed three years of deficit spending followed by a balanced budget in 2019 - 20.

While Budget 2018 - 19 does forecast a decline in the debt - to - GDP ratio over the next five years, the decline is entirely the result of economic growth, as government debt will continue to grow for the next five years due to deficit spending though at least 2022 - 23.

However, to the surprise of no one except the government, about two months later, the January 2009 Budget forecast deficits of about $ 30 billion for both 2009 - 10 and 2010 - 11, with the budget not expected to return to a surplus until 2013Budget forecast deficits of about $ 30 billion for both 2009 - 10 and 2010 - 11, with the budget not expected to return to a surplus until 2013budget not expected to return to a surplus until 2013 - 14.