Sentences with phrase «reducing the budget deficit year»

A key tenet of the Labour Party's manifesto is reducing the budget deficit year - on - year through the lifetime of the next parliament.

Not exact matches

The PQ has laid out plans to reduce that pesky deficit as well, stating the government would balance the budget by the 2015 - 2016 fiscal year.

The parliamentary budget office's report says the slippage in spending is likely to affect the budgetary balance sheet by reducing planned deficits in one year at the expense of deeper spending in future years.

Russell was referring to the implementation of the 6 % GST in April this year, with the aim of reducing the country's budget deficit.

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.

The stance of U.S. fiscal policy in recent years constituted a significant drag on growth as the large budget deficit was reduced.

As the House and Senate move forward in considering the Fiscal Year (FY) 2018 budget over the next few weeks, the Republican Study Committee (RSC) continues to tout its alternative, which aims to balance the budget in six years and reduce the ten - year deficit by $ 9.1 trillYear (FY) 2018 budget over the next few weeks, the Republican Study Committee (RSC) continues to tout its alternative, which aims to balance the budget in six years and reduce the ten - year deficit by $ 9.1 trillyear deficit by $ 9.1 trillion.

A cutback in Social Security's cost - of - living adjustment would save $ 5 to $ 10 billion a year, says Roger Strauss, cochair of a bipartisan commission seeking ways to reduce the national budget deficit.

Des Plaines — Increases in music, activity fees and lunch prices are among the ways Elementary School District 63 plans to reduce the budget deficit next year without cutting programs.

Current debates about the economic situation in Spain, for example, are centred on the country's need to reduce its budget deficit to 5.3 % of GDP, as agreed this year with European partners in Brussels.

The actions proposed in the Executive Budget reduce the projected four - year deficit by 86 percent, from $ 64.6 billion to $ 9.2 billion.

Future Deficits: The revenue and spending actions in the proposed Executive Budget reduce but do not eliminate out - year dDeficits: The revenue and spending actions in the proposed Executive Budget reduce but do not eliminate out - year deficitsdeficits.

Obama can say that he reduced the federal budget deficit from 9.8 % of GDP in Fiscal Year 2009 under Bush, to 2.9 % of GDP in FY 2014.

[48] Shortly before the 2010 election, Osborne had pledged to be «tougher than Thatcher» on Britain's budget deficit, [49] and he duly set himself the target of reducing the UK's deficit to the point that, in the financial year 2015 — 16, total public debt would be falling as a proportion of GDP.

And the county executive says her 2018 budget plan reduces the two - year forecasted structural deficit by $ 8.2 million to $ 36.4 million.

Last year, the group ran ads in favor of a budget that reduced spending and closed a $ 10 billion deficit without raising taxes.

«This year's Executive Budget proposal continues that trend and substantially reduces out - year deficits.

The Personal Income Tax (PIT) actions taken by the governor and the Legislature this month should reduce projected deficits in the near - term, but balancing next year's budget will again be a struggle, and current conditions add risk to the upcoming state budget.»

That gap also will have an impact on budgets for the next three years, with administrators now projecting a cumulative $ 116.5 million deficit during that period if they don't reduce expenses.

Malloy says the layoffs would help reduce next year's budget deficit that's projected to be about $ 900 million.

Governor Andrew Cuomo plans to piggyback on last year's success in closing a $ 10 billion budget deficit while holding the line on taxes by reducing estimated spending increases to state agencies and local municipalities, state officials said on Thursday.

Malloy says lawmakers need to approve the deal in order to help reduce a projected $ 5 billion deficit in the state's next two - year budget.

The budget includes no property tax increase for the tenth consecutive year, and Brooks says if it's passed it will reduce the county's structural deficit for the second year in a row.

we stayed under the cap (which Day's budget did not), restored most of the Sheriff's positions, restored the services for those in need and will reduce the $ 41 Million (not $ 138 million as touted) deficit by $ 5 million this year.

The reduction, required by the failure of policymakers to abide by the terms of a 2011 law designed to reduce the federal deficit over the next decade, reduced the lab's budget this year by $ 100 million, to $ 1.5 billion.

In response to years of falling enrollment and multimillion - dollar budget deficits, the Minneapolis school board has approved a downsizing plan that will close four schools and reduce busing within the district.

Also helpful for students will be the reinstatement of summer Pell grants, federal financial aid for low - income students, which President Obama ended four years ago as a wat to reduce the federal budget deficit.

In expanding on his initial Tweet, Gross on January 10 described a 10 - 30 basis point rise for the year — hardly a market apocalypse — driven by rising inflation, reduced global central bank Treasury purchases, and higher US budget deficits.2 But even such a modest move could mean it ain't over for those persistent downside penetrations of support that have lately become routine in T - note futures.

The Congressional Budget Office estimated the bipartisan plan would reduce the deficit by $ 3.8 billion over 10 years and not affect coverage premiums.

All in, the budget proposals would purportedly reduce deficits by an additional $ 1.8 trillion, bringing total deficit reduction to more than $ 4 trillion when combined with other efforts from the last two years.