Perhaps the biggest question mark for the industry is what'll happen with longer -
term federal budget discussions.
Not exact matches
In his first
term, Bush won passage of tax cuts that helped swing the
federal budget from surpluses to deficits.
Andrew Potter, features editor of Canadian Business magazine, discusses the
federal budget and what it means for the economy in the near -
term.
We're now approaching the end of that «next
term,» and the
budget is pretty close to being balanced, so we're now seeing increased attention to TFSAs as we get closer to the 2015
federal budget.
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.»
The paper concludes that with the policy changes to date, including
budget cuts and the changes to the Canada Health Act and to the elderly benefit system, the
federal government will have a long -
term sustainable fiscal structure characterized by a declining debt to GDP ratio.
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.
A short -
term spending measure in the House and a
budget pact evolving in the Senate make it less likely the
federal government will shut down Thursday night.
The
federal government is on track to achieve its target debt - to - GDP ratio of 25 per cent by 2021, evidenced by projected surplus
budgets in the very short
term.
The upcoming
budget should contain a detailed analysis and discussion of the structural challenges facing Canada over the long
term — not only for the
federal government but for Canada as a whole.
The
federal Budget changed the rules a bit re the taxation of passive investment income in private corporations, but falls well short of what was promised in
terms of extra revenues and more tax fairness.
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 idea that real interest rates — that is, adjusted for inflation — will be lower than they have been historically is reflected in the pronouncements of policymakers such as
Federal Reserve chair Janet Yellen, the medium -
term forecasts of official agencies such as the Congressional
Budget Office and the International Monetary Fund and the pricing of government bonds whose payments are tied to inflation.
In its inaugural
budget, the
federal Liberal government vowed to develop a bold, new innovation agenda as the centrepiece of its strategy to bolster long -
term economic growth.
Finally, long -
term fiscal projections conducted by the Finance Department and the Parliamentary
Budget Officer show that
federal finances are sustainable over time.
From 1990 to 2005, he was Director Fiscal Policy Division Department of Finance, responsible for overall preparation of the
federal budget; preparation and assessment of medium - and long -
term projections of
federal revenues and expenses and implications for fiscal policy; analysis of fiscal conditions at both the
federal and provincial levels; evaluation of various
budget proposals; preparation of monthly Fiscal Monitor; with the Office of the Comptroller General (OCG), assessing and evaluating accounting standards proposed by the Public Sector Accounting Board (PSAB) of the CICA and recommending changes in government accounting policies; with the OCG, responsible for implementation of accrual accounting for the
federal budget and the government's financial statements.
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.
With time running out, Congress today easily approved a short -
term spending bill that would prevent a partial
federal government shutdown over the weekend, but departed in advance of the president's first 100 day milestone (tomorrow) with addressing two of his top policy priorities: health care and a year - long
budget deal.
He said he was focused on making sure Wednesday's nor» easter is cleared, a state
budget is passed and «an attack by the
federal government in
terms of our state property taxes, our state income taxes» that «threatens our economy» is rebuffed.
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.
There is a great deal of uncertainty surrounding that
budget as Governor Andrew Cuomo continues to consider what exactly to propose in
terms of overhauling the state tax system in response to the new
federal tax code, which has especially significant ramifications for New York, and in
terms of a congestion pricing plan for New York City.
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.
almost all Tea Party activists are united in the demands for a smaller
federal government, lower taxes, Congressional
term limits, and a balanced
budget.
The real solution, of course, is for our elected officials at the
federal level to get together and pass a true annual
budget, as opposed to the endless string of short -
term fixes.
For AQE, which is pushing for education spending on par with a decade - old court ruling, the problem for them was Cuomo suggesting a short -
term extender may be a viable option for the state
budget considering the uncertainty emanating from Washington over the
federal government's
budget cuts.
But the governor also said that the state could use the two - month delay to get a better sense of what could be coming from the
federal government as President Donald Trump and the Republican Congress craft their own
budget, which is anticipated to result in less aid for New York state — especially in
terms of support for its sprawling Medicaid program.
The battle for increased reimbursement will play out over the next 90 days as the
budget is negotiated, and against the backdrop of a state - imposed Medicaid cap, uncertainty over the future of
federal Medicaid funding and cries from long -
term care facilities and home health care providers, which are also pleading for higher reimbursements.
Furthermore, the state faces a
budget shortfall and an uncertain long -
term prospects considering ongoing uncertainty at the
federal level.
Heastie and the Assembly Democratic conference were in Albany Tuesday for a closed - door meeting, discussing issues ranging from
federal budget cuts, the state's financial concerns and in «generic
terms» discussions surrounding the Metropolitan Transportation Authority.
It was unclear whether Mangano, a Republican who is not seeking a third
term as he fights
federal corruption charges, would sign the
budget.
Meanwhile, members of the House of Representatives have said that the key parameters of the 2017 - 2019 Medium
Term Expenditure Framework upon which the
budget will be based are not sustainable, asking the
Federal Government to seek more realistic solutions to the economy.
After the Senate's bipartisan 91 - to - 9 vote in a favor of a bill that keeps
federal agencies open through March 18 while enacting $ 4 billion in new spending cuts, Mr. Obama urged House and Senate leaders to meet with Vice President Joseph R. Biden Jr. and two top aides to work out a longer -
term budget agreement.
Each year we sift through the President's
budget, monitor ongoing Congressional debates, and keep an eye on longer -
term budget trends to provide timely and objective information and perspectives on the
federal R&D enterprise to policymakers and the science and engineering community.
Assuming the winner didn't capture a majority of the vote, second place would have been good enough to get Westin into a May runoff for the chance to unseat Representative John Culberson, a nine -
term Republican who chairs a spending panel that shapes the
budgets of several
federal research agencies.
If passed into law, the
federal budget for 2011 that lawmakers will vote on this week will harm key efforts in daily weather forecasting, search - and - rescue operations, and long -
term weather prediction, says a top U.S. government official.
The short -
term cash flow problems that developed earlier this fall have been resolved, but longer -
term budget issues will remain as proceeds from the endowment fall along with the decline of the stock market, and revenue from
federal grants and private donations become less reliable.
BRAIN's long -
term goals and
budgets aren't yet set, but
federal science, health and defense agencies have pledged $ 110 million for 2014.
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.
But
federal budgets, in real
terms, have shrunk.»
The bruising seven - month legislative war that ended with the passage of a compromise
federal budget changed the
terms of the debate on education spending and forced the education lobby to fight for the very survival of the programs it champions.
Ultimately, says Jared Bernstein, senior fellow at the Center on
Budget and Policy Priorities and former economic adviser to Vice-President Joe Biden, any real solution requires a
federal role, both in
terms of greater funding but also expertise.
A large new public expenditure on childcare would have significant negative effects on the
federal budget in the near
term.
Despite Mitt Romney's charge that «President Obama's policy response to every education challenge has been more
federal spending,» on -
budget K - 12 education expenditure has grown during Obama's first
term at the slowest pace in two decades (aside from the massive, but unlikely to be repeated, infusions of ARRA and Edujobs).
Next Generation Science Standards takes a deep dive into the
federal budget to see how STEM programs make out in
terms of funding for the next fiscal year.
Outside of education, many cuts proposed in President Trump's fiscal year 2018
budget — including stripping funding for Medicaid, school breakfast and lunch programs, and short -
term federal income assistance for low - income families — would slash much - needed services or leave states holding the bag.
(18) SUBSIDY AMOUNT. - The
term «subsidy amount» means the amount of
budget authority sufficient to cover the estimated long -
term cost to the
Federal Government of a
Federal credit instrument» (A) calculated on a net present value basis; and» (B) excluding administrative costs and any incidental effects on governmental receipts or outlays in accordance with the
Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.).»
Generally applicable provisions» (A) DEFINITIONS. - In this chapter, the following definitions apply:» (1) CONTINGENT COMMITMENT. - The
term «contingent commitment» means a commitment to obligate an amount from future available
budget authority that is -» (A) contingent on those funds being made available in law at a future date; and» (B) not an obligation of the
Federal Government.
Federal loans have several repayment options to fit your
budget, but keep in mind the lower your payment and the longer your loan
term the more interest you will pay over the life of the loan.
We're now approaching the end of that «next
term,» and the
budget is pretty close to being balanced, so we're now seeing increased attention to TFSAs as we get closer to the 2015
federal budget.