Sentences with phrase «temporary stimulus»

We believe the government will do better than forecast and that there is fiscal room for a second round of temporary stimulus, although it need not be as large as the first.

The one deviation from this vision was in 2009 when the G - 20 collectively agreed to undertake massive temporary stimulus spending to support global economic demand.

During this period, the Government significantly increased spending, primarily through temporary stimulus measures announced as part of their Economic Action Plan.

Mr. Flaherty would be required to implement new stimulus measures, which in the end would cost Canadian taxpayers, as we saw with the recent temporary stimulus program.

With the onset of the 2008 - 09 recession and the subsequent G20 agreement for countries to introduce temporary stimulus spending equivalent to 2 percent of GDP, the federal deficit ballooned to $ 55.6 billion in 2009 - 10; $ 33.0 billion in 2010 - 11; $ 26.3 in 2011 - 12; $ 18.4 billion in 2012 - 13 and $ 5.2 billion in 2013.14.

You were subsequently forced to become «Keynesian» and bring in a budget, which introduced a major temporary stimulus program.

He said the Bank of England's role was in «smoothing the adjustment process by providing temporary stimulus to demand while the rebalancing takes place, so reducing the risk of inflation falling below the target in the medium term.»

Both you and the Prime Minister have stated that were there to be another global recession the government would be prepared to implement a second round of temporary stimulus spending.

Low interest rates were supposed to be temporary stimulus.

The U.S. government, fortunately, rejected his advice, and took the correct view that a rapid reduction of the temporary stimulus from the 2008 recession would undermine the strength of the recovery.

The economy would have been thrown into a much deeper and longer recession than actually occurred; a temporary stimulus program would not have been permitted; departmental operating budgets would have been frozen beginning in 2009 - 10 and continuing to long past 2015 - 16; the salaries of all Cabinet Ministers and Deputy Ministers would have been frozen beginning in 2009 and lasting long past 2015.

But with the exception of the temporary stimulus in 2008 - 2009, they have consistently rejected the use of fiscal policy to boost growth.

First, the period 2009 - 10 to 2011 - 12 was unusual, characterized by massive increases in spending due to the temporary stimulus measures introduced as part of the Economic Action Plan.

Bonus depreciation was originally passed and extended as a temporary stimulus measure in 2008 designed to encourage business investment while the economy was weak.

The deficit situation was then worsened by the 2008 - 2009 recession and the temporary stimulus program.

First, is there fiscal room in the budget in 2011 - 12 and 2012 - 13 that would allow a second round of temporary stimulus should Canada experience declining output?

The government is also aware that during the 2009 - 10 recession the deficit reached an historical high although much of that was due to the temporary stimulus spending.

In Canada, the government will become a drag on economic growth as the temporary stimulus in the Economic Action Plan is withdrawn.

According to this theory, if governments were to adopt policies to quickly eliminate the temporary stimulus deficits, this would «crowd in» private sector investment activity and lead to stronger economic growth.

Are you making the Keynesian argument that in the case of a severe recession we need a temporary stimulus of extra spending from some source to get economic activity back to its normal level?

While U.K. scientists have complained that some other countries have responded to the worldwide financial downturn by increasing research spending, Willetts says the United Kingdom has actually done something more long - lasting: «This is not a temporary stimulus package.

Recommend indexing the Home Buyers» Plan (HBP) RRSP withdrawal limit to ensure that it never loses its buying power and also recommend extending the HBP to all homebuyers for two years as a temporary stimulus measure.