Sentences with phrase «percentage point deficit»

Not exact matches

Both the PBO and the Department of Finance identify a reduction of the CABB of about two percentage points of income (Finance uses Gross Domestic Product, the PBO uses Gross Domestic Income) between 2005 and 2009, bringing what had once been a structural surplus into deficit.

Economists, who had expected a $ 40.00 billion trade gap in September, said the wider deficit could cut as much as a half a percentage point off that growth estimate.

A one - percentage point cut in the GST / HST would cost the federal treasury up to $ 7 billion per year, thereby further increasing the deficit.

Instead of using it to reduce the federal public debt, the government used it to cut the GST by two percentage points, thereby creating a structural deficit in advance of the financial meltdown in 2008.

Reducing the GST by two percentage points created a structural deficit that the government has closed by gradually reducing federal spending expressed as a share of GDP.

Oil exporters are likely to be hit the hardest, with the IMF pointing out that, relative to the 2004 - 2008 period, GDP growth in the average oil - exporting country will fall by approximately 6.5 percentage points in 2009, and the decline in their current account and fiscal deficits is expected to be in the double digits.

In the September quarter, this deficit stood at around 3 per cent of GDP, somewhat smaller than in the previous quarter, but still around 2 percentage points larger than the average over the past decade.

«To illustrate the magnitude of the 75 - year actuarial deficit, consider that for the... Trust Funds to remain fully solvent throughout the 75 - year projection period... revenues would have to increase by an amount equivalent to an immediate and permanent payroll tax rate increase of 2.76 percentage points to 15.16 percent.»

And we are — we've cut the structural deficit by three percentage points in the last two years, more than any other G7 country, and it is set to go on being cut at a similar rate in the years ahead.

A NAHT survey of its members has found that the number of schools currently in deficit has more than doubled since its 2015 survey (up 10 percentage points from 8 per cent to 18 per cent).

The number of schools in deficit has doubled since the 2015 NAHT survey, increasing 10 percentage points to 18 per cent in 2016.

42 % of Baby Boomers say they have helped or will help their adult child financially with buying a home, if the help is needed — this represents a seventeen percentage - point deficit compared to Millennials