The phrase
"to eliminate the deficit" means to get rid of or reduce the amount of money a government owes. It is about spending less and possibly increasing revenue to balance the budget and avoid borrowing more money.
Full definition
It is certainly clear by now that the government no longer intends to fulfill its budget promise of
eliminating the deficit by 2019 - 20.
The conclusion of his analysis is that
completely eliminating the deficit, which has been the government's objective since 2010, was never really necessary, at least not on economic grounds.
But is this the right budget for the current economic circumstances and is the plan to
eliminate the deficit in 2015 - 16 credible?
The PBO believes that the federal government has a better than 60 per cent chance
of eliminating the deficit by 2015 - 16, 70 per cent or better by 2016 - 17, and a 75 per cent chance or better by 2017 - 18.
With eliminating the deficit in time for the election the government's single biggest priority, it follows that the Finance Minister who brought Canada through the recession in relatively sound shape should be kept on to ensure the books are balanced on schedule.
To be discussed at the hearings are the Rockland County Deficit Reduction Act (RCDRA), a law which will allocate money
toward eliminating the deficit, the legislature's -LSB-...]
«We know we can not continue to operate at a deficit, but we think that we're putting the right pieces in places to work
towards eliminating that deficit,» Walsh said
It was only a hundred words — including a promise to «
eliminate the deficit as soon as possible» — but Miliband only realised the error, to his horror, as he walked off the stage.
Under the leadership of Chair Elio Luongo and President and CEO Iain Black, The Vancouver Board of Trade also restored its balance sheet in 2014,
eliminating its deficit within just two years — a full three years ahead of a board - approved plan.
The late Minister of Finance, Jim Flaherty, for years criticized the U.S. government (and indeed other G - 7 countries) for its failure to take sufficient action to
eliminate its deficit quickly.
The Democrat Schoenberger encouraged the Republican Day, his potential rival in the upcoming county executive race, to withdraw his motion to table, explaining the legislature had to put forward a united front and send a clear message that the county was serious
about eliminating its deficit.
Ignoring the views of many economists, it accepted a need to balance the budget and
eliminate the deficit which left them playing on Tory ground.
It is not enough to assume that «all else will flow»
from eliminating the deficit, Mr Miliband said, arguing that to merely halve it within four years would have been a better target.
But Mr. Harper has
made eliminating the deficit the basis of his political brand as a good «fiscal manager» and he will have to live with the political fallout.
There is no narrative that sets out the longer - run economic and social challenges, and there is no discussion of how these challenges are
interrelated Eliminating the deficit has been the cornerstone of the government's fiscal policy since 2010.
Most Canadians are also wondering
why eliminating the deficit is so important especially when economic growth continues to slow and unemployment remains so high.
The government needs to
eliminate the deficit now, when times are good, in order to have the flexibility to respond economic downturns in the future.
Mr. Harper has
said eliminating the deficit will be achieved through a review of government operations to find $ 4 - billion in annual savings through attrition and an overhaul of government computer systems.
The Nassau Interim Finance Authority, or NIFA, approved the $ 2.9 billion budget after
legislators eliminated the deficit by cutting bus service, trimming general expenses and delaying the hiring of new police officers.
The district will create a multiyear plan to
eliminate deficit spending, and is counting on new housing to bring in more revenue, he said.
The Government has committed a great deal of political credibility
on eliminating the deficit by 2015 - 16 in time for the next election.
The Chancellor has little room for manoeuvre as he ploughs ahead with the Herculean task
of eliminating the deficit over the next four years.
To be discussed at the hearings are the Rockland County Deficit Reduction Act (RCDRA), a law which will allocate money
toward eliminating the deficit, the legislature's decision to override the tax cap for 2013 and other budget information.
«We know we can not continue to operate at a deficit, but we think that we're putting the right pieces in places to work
towards eliminating that deficit,» Walsh said in the interview.
Moody's credit rating agency changed Ontario's debt rating in July to negative from stable, citing concerns about the province's ability to
eliminate the deficit as scheduled.
We believe that the Government should put aside its sole policy commitment of
eliminating the deficit by 2015 - 16, and introduce a medium - term strategy to support job creation and economic growth.