Not exact matches
The September
financial results raise the question
of what would have to happen over the
remainder of the fiscal
year in order to produce the November Update deficit forecast for 2012 - 13.
Barring a major reversal
of fortunes on Wall Street that would cut earnings sharply and hold down
year - end bonuses, the
financial services sector is expected to be a source
of strength to the region's economy over the
remainder of the
year, consolidation and layoffs at some banks notwithstanding.
Ke estimates that U.S. investors are paying $ 233 billion a
year to have $ 15 trillion overseen, somewhat more than half
of that outlay going to the
financial consultants who talk to the clients and the
remainder to vendors
of products like mutual funds.
«While the current
financial situation is positive, we still need to see how holiday sales and Wall Street bonuses contribute to the state's
financial position over the
remainder of the
year,» DiNapoli said.
The owner
of nearly half the state's centralised generators returned a profit
of just $ 14 million in the last
financial year, as it closed down one sixth
of its capacity and watched the
remainder sit idle for long periods.