Sentences with phrase «worst fiscal position»

While Labour is treading water the country is heading into the worst fiscal position ever.

Not exact matches

«You know I think the way we deal with the tax bill is by being honest about it, saying across time the very significant tax reductions for groups and parts of our economy that really weren't needed will hurt the fiscal condition of the country and put us in a bad position as it relates to other priorities we have,» Delaney said.

As noted by Camilla Sutton, a Scotia Capital currency strategist, the dollar is likely to resume a depreciatory trend because «its fiscal position is weak and, worse, there is only a limited plan in place to improve it.»

According to the Parliamentary Budget Office, the long - run fiscal position of the federal government is not bad at all.

 The Harper government's decision last year to write off every penny of the auto aid and thus build it all into last year's deficit calculation (which I questioned at the time as curious and even misleading) has already been proven wrong. Since the money was already «written off» by Ottawa as a loss (on grounds that they had little confidence it would be repaid — contradicting their own assurances at the same time that it was an «investment,» not a bail - out), any repayment will come as a gain that can be recorded in the budget on the revenue side. Jim Flaherty has learned from past Finance Ministers (especially Paul Martin) that it's always politically better to make the budget situation look worse than it is (even when the bottom has fallen out of the balance), thus positioning yourself to triumphantly announce «surprising good news» (due, no doubt, to «careful fiscal management») down the road. The auto package could thus generate as much as $ 10 billion in «surprising good news» for Ottawa in the years to come (depending on the ultimate worth of the public equity share).

His own hubris and mistakes as chancellor had made Britain's underlying fiscal position worse.