He argued that while the control board projected the county would end both 2015 and 2016 with large deficits, Nassau concluded both years
with budgetary surpluses.
Not exact matches
Strong
budgetary performance The ratings report noted strong
budgetary performance,
with operating
surpluses in the general fund and at the total governmental fund level.
Even if it were legally possible to pay unrealized
surplus (it is not), and even if the Board were convinced a higher dividend would not compromise the creditworthiness of the RBI, there is a more fundamental economic reason why a special dividend would not help the Government
with its
budgetary constraints.
Cyprus is operating
with an essentially balanced budget and
with a good primary
surplus; our
budgetary planning for the period 2017 - 2019 remains safely within the margins of a balanced budget, ensuring that the public debt as a % of GDP will start decreasing.