Some provisions phase out, presumably to lower the long -
run deficit effects for scoring purposes, but that's unlikely to be enough.
Not exact matches
Premier Kathleen Wynne defended the government's pre-election budget, which will
run a $ 6.7 - billion
deficit in 2018 - 2019, saying Moody's change wasn't a credit downgrade, which would
effect borrowing costs for the province.
By second - order
effects, I mean whether cutting the
deficit will in the short
run increase other forms of investment and consumption demand by increasing confidence or reduce other forms of investment and consumption demand by reducing spending.
I believe there is a real possibility that the collapse of any of the major currencies could have a similar domino
effect on re-assessing the credit risk of the other fiat currencies
run by countries with structural
deficits and large, unfunded commitments to aging populations.
If the government spends the new tax and «fiats» even more money into existence by
running a
deficit then the net
effect should be inflationary but not because of the tax in itself.