Not exact matches
But even with those changes, ensuring the next few
budgets are balanced may prove challenging, thanks to some overly
optimistic economic
projections.
One of the first things I look for in any
budget are the economic projections, particularly after Budget 2015 contained wildly optimistic oil price fore
budget are the economic
projections, particularly after
Budget 2015 contained wildly optimistic oil price fore
Budget 2015 contained wildly
optimistic oil price forecasts.
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.
After 1981, it was clear that the
budget projections that allowed the cut were overly
optimistic, and the cuts needed to be rolled back.
Even so, the Finance
projections were actually far more
optimistic in the outer years than those released earlier by the Parliamentary
Budget Officer (PBO).
The NYT thinks the just - announced NYC
budget deal, which is expected to be passed by the Council today, will «soon need to be revised because of overly
optimistic revenue
projections» and merely delays difficult cuts.