Sentences with phrase «term budget deficits»

In an ideal situation, governments are just borrowing this money to cover short - term budget deficits or to finance mission critical projects.

California lawmakers are set to convene this week to tackle both a short - term budget deficit and long - term fiscal issues raised by Gov. Pete Wilson's proposal to curb welfare costs and overhaul the state's budgeting process.

The country is looking at a continuing long - term budget deficit that could translate into higher mortgage rates.

Not exact matches

In his first term, Bush won passage of tax cuts that helped swing the federal budget from surpluses to deficits.

He sees additional near - term corrections gripping stocks as the budget deficit exposes more vulnerabilities to the United States» capacity to do business.

With inflationary pressures and massive budget deficits having become the topic du jour this year, the bond - market «vigilantes» term has made its way back onto trading floors.

Technical factors such as increasing U.S. Treasury bill issuance - the result of a surging budget deficit - are adding to the factors pulling short - term yields higher and making the short end look more attractive.

Even when announcing in November that the federal deficit would come in at $ 26 billion, $ 5 billion higher than predicted in the 2012 budget, the minister couldn't resist gloating: «Unlike many of Canada's counterparts in the G7, we remain on track to return to balanced budgets over the medium term.»

We believe that action should be taken to eliminate this structural deficit, not only because it is unfair to future generations, but also because it would reduce the exposure of the budget to interest rate shocks and provide greater short - term policy flexibility.

The medium - term deficit projections of both the Office of the Parliamentary Budget Officer (PBO) and the International Monetary Fund (IMF) include a structural deficit component.

Lengthening the budget window simply to allow for more years of deficit - financed spending increases or tax cuts would be an unfortunate gimmick that would undermine many of the important benefits of long - term scoring.

Historical evidence suggests, an increase in the budget deficit tends to boost overall activity by the same amount (in dollar terms).

However, in August 2011 the long - term sovereign credit rating on the United States of America was downgraded to AA + from AAA by the Standard & Poor's ratings agency, reflecting increasing concerns about the U.S. budget deficit and its future trajectory.

Canada's economy will not fully recover until 2013 and the federal government will carry a structural budgetary deficit of C$ 19 billion ($ 17.6 billion) after the crisis, a report by the parliamentary budget officer said on Monday... «PBO calculations continue to suggest that the budget is not structurally balanced over the medium term,» the report said.

In your 2010 and 2012 budgets you introduced cuts in spending designed to eliminate the deficit over the «medium - term».

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

The government's budget had less short - term impact on financial markets, but there is starting to be a clear pattern whereby the closing of the budget deficit (and the stabilisation of government debt) which were supposed to be achieved by 2015 are continuously being pushed further into the future.

In both cases, Conservative parties were defeated by parties promising moderate progressive platforms that included tax increases and significant increases to public infrastructure investment and explicit commitments to run deficit budgets, for at least the short - term period in the case of the NDP.

Despite large budget deficits in major countries, long - term rates of interest remain remarkably low.

In terms of the national budget, he has said he believes Congress must reduce spending to address the U.S. deficit.

This constraint will impose a check on the government in terms of the acceptable size of the budget deficit relative to the size of the economy.

Ryan's advocacy for cutting taxes and trimming the deficit — he is the architect of the GOP's proposed federal budget — married with his willingness to talk about fiscal belt - tightening in moral terms and his low - key social conservatism speak to a political moment in which the economic concerns of the Tea Party and the social focus of the Christian right have merged into a relatively cohesive anti-Obama movement.

Furthermore, if investment rates in the U.S. fall (as a result of decreases in investment by foreigners and rising budget deficits), the result will be slower growth in American productivity, which jeopardizes both near - term and long - distant future earnings.

Cuomo is seeking a third term this year and with the Legislature must close a $ 4 billion budget deficit by the end of March, when the budget is expected to pass.

These include: For decades now, year - on - year federal budget deficits have resulted in an out - of - control federal debt load, which represents a clear and substantial danger to current and long - term viability and stability of our Republic.

For decades now, year - on - year federal budget deficits have resulted in an out - of - control federal debt load, which represents a clear and substantial danger to current and long - term viability and stability of our Republic.

It began with praise for the governor's efforts to continue a long term trend to balance the state's budgets, and to cut down on New York's formerly notoriously high future budget deficits.

The Citizens» Budget Review Commission shall be established to assist and advise the Erie County Legislature in the oversight of the County's budget and to monitor county finances, ensure the long - term fiscal stability of Erie County, prevent the concealment of county deficits, and to help provide the Legislature with enough time and information to respond to budgetary proBudget Review Commission shall be established to assist and advise the Erie County Legislature in the oversight of the County's budget and to monitor county finances, ensure the long - term fiscal stability of Erie County, prevent the concealment of county deficits, and to help provide the Legislature with enough time and information to respond to budgetary probudget and to monitor county finances, ensure the long - term fiscal stability of Erie County, prevent the concealment of county deficits, and to help provide the Legislature with enough time and information to respond to budgetary problems.

But the move had immediate fiscal consequences, opening a $ 39 million budget gap that foreshadowed deficits that would persist during his two terms.

The term is applied to funding that was cut throughout New York in 2009 - 10 and 2010 - 11 to help close a massive state budget deficit.

As the others campaign to take his job, the remainder of Mangano's term will feature preparing the 2018 budget under the eye of the county's fiscal oversight board, which has projected that Nassau will end 2017 with a deficit of more than $ 50 million.

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.»

Still, along with changes to the state's tax code that helped generate revenue to close a budget deficit, the tax cap is one of Gov. Andrew Cuomo's signature economic achievements of his first term.

Even with state spending expected to be tight because of a looming budget deficit, Assembly Speaker Carl Heastie said state leaders need to come up with a long - term plan to help the cash - strapped MTA.

ALBANY — Even with state spending expected to be tight because of a looming budget deficit, Assembly Speaker Carl Heastie said state leaders need to come up with a long - term plan to help the cash - strapped MTA.

Following last year's General Election, the country faced a dreadful crisis in monetary, fiscal and financial terms: inflation was well below target; the budget deficit was of eye - watering proportions; and the banks were feeble and hesitant.

«We must adopt a proposal that solves the 2017 deficit, as well,» Fasano said, «And we must work together to substantially mitigate future shortfalls in 2018 and 2019 and implement long - term structural changes to the state budget.»

«I have a proven track record of working with both parties to pass legislation that makes Connecticut a better place for everyone,» says Gerratana, who acknowledges the state budget deficit will require «tough decisions in terms of spending cuts» next year.

«Unfortunately the Legislature's last best offer does not take sufficient action to restore New York state's long - term fiscal stability and does nowhere near enough to address next year's budget deficit,» Paterson said in a statement.

The Mayor's executive budget acknowledges the short term and long term risks facing the city - notably the $ 2 billion structural deficit in FY 2016 - and begins to address serious fiscal and management issues that previously went ignored.

Although Buffalo Public Schools managed to close a $ 10.2 million budget deficit for next year without slashing jobs, the district still faces a long - term budget gap.

While Brown's budget recommendation does include some added funding for the school, $ 2.5 million will hardly put a dent in the deficit over the long term.

Furthermore, awareness that today's budget deficits will eventually require spending cuts and tax increases at least blunts the short - term stimulus effects of the deficits.

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.

Overall, the budget released by Prime Minister Tony Abbott's conservative government, elected this past September, is aimed at slashing the federal government's long - term spending deficits.

States are also now facing budget deficits - at least in the near term.

, a significant contributor to closing the budget deficit this year and helping to address the long - term structural deficit.

Just days shy of its December 13 deadline, a bipartisan congressional committee charged with developing a long - term budget solution agreed on a two - year plan (PDF) that addresses sequestration cuts, establishes top - level budget amounts for FY14 and FY15, and allows both Democrats and Republicans to continue negotiating a deficit reduction plan.

The budget that Gov. Dannel P. Malloy will present to the legislature Feb. 8, in an attempt to close $ 3 billion in deficits over the next two years, is only a portent of a far greater, long - term challenge facing the state.

Technical factors such as increasing U.S. Treasury bill issuance — the result of a surging budget deficit — are adding to the factors pulling short - term yields higher and making the short end look more attractive.