Sentences with phrase «structural budget deficit»

Osborne told MPs that Britain had the largest structural budget deficit in Europe at # 109bn, he said, with # 43bn in debt interest paid back each year.

Having entered the crisis with the largest structural budget deficit in the G7, we exited with a budget deficit forecast to be the largest in the G20.

All three agencies warned that Syracuse faces structural budget deficits in years to come that will threaten its credit rating.

We see the various fiscal expansion measures leading to rising primary structural budget deficits in the developed world, particularly in the United States.

Stony Brook University will impose an indefinite hiring freeze effective immediately to address an ongoing structural budget deficit, officials announced.

Budget writers in the House and Senate and in the Patrick administration hope spending cuts next fiscal year will end the longstanding practice of pushing off structural budget deficits into future years.

No more structural budget deficit, if all goes to plan, in four years» time.

And next week, when I go to the G7 meetings in Washington, I will represent the country with the single biggest structural budget deficit - indeed the largest deficit in the peacetime history of Britain.

Public pension crisis: States across the country face structural budget deficits as a result of too - generous pension promises made to their employees.

In light of the considerable uncertainty around the economic and fiscal outlook, including the risks posed to economic recovery by ongoing financial tensions in the eurozone and against the backdrop of a still large structural budget deficit and high and rising government debt, the Negative Outlook indicates a slightly greater than 50 % chance of a downgrade over a two - year horizon.»

The good news is that the peripheral countries have made substantial efforts to bring down their structural budget deficits.

She successfully worked with her state's legislature to overhaul government ethics laws and to fix her state's structural budget deficit.

«The affirmation of the UK's «AAA» ratings reflects the progress made in reducing the government's structural budget deficit and the credibility of the fiscal consolidation effort.

However, the government's structural budget deficit is second in size only to the US («AAA» / Negative) and indebtedness is significantly above the «AAA» median, although currently broadly in line with France («AAA» / Negative) and Germany («AAA» / Stable).

First, in 1996, just before the Labour Government came into power, there was a structural budget deficit of 4 %, whereas it was 2.5 % in 2007.

When Cuomo came in he worked with Skelos to pass budgets on time and imposed five very hurtful years of the GEA even while bragging he had ended the state's structural budget deficit.

Kevin McCaffrey (R - Lindenhurst) said the pay freeze is «nibbling around the edges» as the county faces a structural budget deficit of $ 163 million to $ 165 million and credit - rating downgrades.

The bonus was that the coalition has a five - year plan too — one to eliminate the structural budget deficit (at least on paper) bequeathed by the bankers bust or, in coalition - speak, by New Labour.

He says there's still a structural budget deficit of $ 2 billion dollars for next year.

Suffolk has a projected $ 150 million structural budget deficit — the difference between recurring revenue and expenditures — according to a report by the Suffolk County Legislature's nonpartisan Budget Review Office.

Clegg is dismissive of Labour's «absurd» criticism of the plan to eliminate the structural budget deficit because the rolling five - year assessment allows the government to adopt a flexible approach in applying spending cuts.

About two thirds of the structural budget deficit remains to be eliminated.

He says many had structural budget deficits and were routinely spending more than they could possibly collect in permanent revenues.

But the structural budget deficit is the bit the Treasury doesn't expect just to go away when the economy picks up.

The challenges LA Unified is facing, Noguera said, include declining enrollment because of the growth of charters and demographic shifts, chronically under - performing schools, structural budget deficits and the need to increase public support for schools.

The same for nations that are mismanaged; they have structural budget deficits, and a political culture that won't change it.

The yen will suffer for years as Japan heads into demographic decline and large structural budget deficits.

In his book The Age of Turbulence, Alan Greenspan forecast a 4 % inflation rate for this decade, mostly due to structural budget deficits.

Of course, this would have to be a situation where the structural budget deficit is high, and there is little hope of bringing it down politically.

If the structural budget deficit is high, but less than interest payments, the odds of a default rise considerably, because if they cease paying the interest, the budget is balanced.

Create a table of Sovereign and Semi-sovereign debtors, estimate their structural budget deficits and their interest payments.

So, I offer one simple insight on sovereign risk — I suspect that sovereigns default when the interest payments are more than structural budget deficit.