Sentences with phrase «optimistic budget forecasts»

Not exact matches

One of the first things I look for in any budget are the economic projections, particularly after Budget 2015 contained wildly optimistic oil price forebudget are the economic projections, particularly after Budget 2015 contained wildly optimistic oil price foreBudget 2015 contained wildly optimistic oil price forecasts.

In the March 2012 Budget, the Department of Finance would have used their more optimistic estimates for 2011 - 12 as the base for forecasting revenues and the resulting budgetary balance to 2016 - 17.

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.

It appears that the Budget is balanced at least in part by optimistic growth and revenue forecasts.

Mr McWilliams argued: «A more credible plan to cut public spending in the medium term than simply relying on wildly optimistic forecasts - as seen in the last Budget - is absolutely necessary.»

The FY 1998 budget relies on sustained economic growth over the past two years, more optimistic economic forecasts, and greater cuts in non-discretionary programs to call for still higher levels of discretionary spending than previous budget plans.