On balance, we do not believe that the November 2012 Update fiscal forecast was credible and coupled with the slowdown in economic growth in 2013,
the possibility of a balanced budget for 2015 - 16 is seriously at risk, unless additional significant restraint measures are implemented.
If, however, the deficit for 2013 - 14 were to come in much lower than forecast in the November 2013 Update, then
the possibility of a balanced budget or surplus increases considerably for 2014 - 15.
If not, then
the possibility of a balanced budget in 2014 - 15 and 2015 - 16 would be unlikely.
Not exact matches
Newark school leaders, searching for the best way to reduce the number
of teachers in order to
balance the
budget, have raised the
possibility of teacher buyouts funded by the $ 100 million donation from Facebook founder Mark Zuckerberg, reports Samantha Henry
of the Associated Press.