Sentences with phrase «would balance the budget in»

On the other hand, they set a firm fiscal anchor by saying that they would balance the budget in their fourth year, and reduce the federal debt to GDP ratio from 31 % in 2015 to 27 % in 2019.

In an op - ed for the Wall Street Journal published online Monday night, the House Budget Committee chairman said his plan would balance the budget in 10 years without raising taxes.

Not exact matches

Kentucky senator Rand Paul has said he'd seek a balanced budget amendment, and that he'd also shrink spending, limiting it to only what comes in via tax revenue.

While he would have liked to have seen more investor - specific changes — «it's always nice to have more rather than less,» he says — he thinks it's unlikely we'll see any reductions in capital gain taxes or major increases in TFSA room until at least 2015, when the government says it can balance the budget by.

Although OPEC and allies have never officially targeted any specific price of oil with the production cut agreement, each member of the pact knows very well where they want oil prices to be in order to balance their budgets that have been stretched thin in the price plunge.

From a fiscal perspective, the argument exists that the tax revenue generated would be significant and would assist in balancing the budget.

«In my view, the time is now for Congress to create an authority that would have as its goals both achieving financial stability and a balanced budget for the island,» Williams said, according to the Times.

Net debt as a share of GDP is low (only Saskatchewan and Alberta's are lower), and B.C. has a shot at balancing the budget in 2013 - 14 — along with Saskatchewan, Quebec, and Nova Scotia.

Republican Presidents, including Trump, have promised to balance future budgets with gigantic reductions in discretionary spending, a category that includes both outlays for defense, and all other areas that are voted each year (as opposed to entitlements that provide benefits guided by a fixed formula).

The boom years for employment and balanced federal budgets in the 1990s had everything to do with the emergence of the Internet rather than with any enlightened economic policies.

There is plenty of time to introduce these commitments in future budgets: they came with the proviso they would not be implemented until the budget was balanced, which the Department of Finance forecasts will occur in fiscal 2015 - 2016.

The slump has left the province facing a budget deficit and Prentice in the tough position of balancing the books while maintaining his commitment not to hike taxes.

Page 287 of the 2014 Budget has an estimate that a 1 - percentage point decrease in GDP growth would reduce «the budgetary balance by $ 3.7 billion in the first year, $ 4.5 billion in the second year and $ 6.0 billion by the fifth year.»

«The improvements in Portugal's general budget balance have been rather remarkable,» she said.

As we have promised, our Government remains committed to balancing the budget in 2015.

Before incorrectly blaming the Fed and the ECB for their allegedly ineffective monetary policies, investment strategists would do well to reflect on the depressive impact of an unreasonable haste to balance budgets, and on political leaders» inability to strengthen the financial systems (in the U.S. and in Europe) and to negotiate a better balanced world economy.

Instead of front - loading austere budgetary measures and cruising to a balanced budget, the government has chosen to stay the course on the plan mapped out in Budgetbudget, the government has chosen to stay the course on the plan mapped out in BudgetBudget 2014.

[105] On January 8, 2008, to address ongoing structural budget issues, Governor Corzine proposed a four - part proposal including an overall reduction in spending, a constitutional amendment to require more voter approval for state borrowing, an executive order prohibiting the use of one - time revenues to balance the budget and a controversial plan to raise some $ 38 billion by leasing the Garden State Parkway, the New Jersey Turnpike, and other toll roads for at least 75 years to a new public benefit corporation that could sell bonds secured by future tolls, which it would be allowed to raise by 50 % plus inflation every four years beginning in 2010.

Any money you have leftover in your budget for extra payments, as well as any windfalls, should be directed to that highest - interest balance.

Balancing the budget in every year would mean that governments would be forced to increase taxes and cut spending in downturns, and to do the opposite when the economy is growing quickly.

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 budgetary balance has deteriorated significantly compared to that forecast in the March 2012 Budget, by $ 5 to $ 7 billion per year.

Only if the Government fully realizes its savings from the Debt Reduction Plan Savings Target would the budget be balanced in 2015 - 16, but just.

Financial experts say the central bank's intervention seems to have catalyzed a virtuous circle: As new governments come in and promise to deliver spending cuts, tax increases and balanced budgets, once gun - shy banks have an added incentive to tap new financing from the central bank and jump back into bond markets that they were running from just a few months ago.

Using the sensitivity analysis provided by the Department of Finance in the April Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015Budget, a reduction in real economic growth of 0.6 percentage point would result in deterioration in the budget balance of approximately $ 2.5 billion in 2015budget balance of approximately $ 2.5 billion in 2015 - 16.

It has recently been reported that the University of Alberta wants to «reopen two - year collective agreements» with faculty and staff «to help the university balance its budget...» This appears to be in direct response to Alberta's provincial government announcing in its March budget that there would be a «7 % cut to operating grants to universities, -LSB-...]

This view was expressed in Bill C - 59, the recently passed Budget Omnibus Bill, which included legislation that would require future government's to maintain balanced budgets.

Like it or not, Finance Minister Joe Oliver's April budget has now become the fiscal «benchmark» against which their policy platforms will be judged in terms of their commitments to maintain a balanced budget.

Given recent economic developments (which suggest there will be no surplus this year) and global uncertainties, together with a commitment by all three major political parties to balanced budgets and no tax increases (other than the NDP), it would be fiscally imprudent for any political party to make new major election «promises» in the coming months without indicating how they would be financed.

In the March 2012 Budget, the Department of Finance would have used their more optimistic estimates for 2011 - 12 as the base for forecasting revenues and the resulting budgetary balance to 2016 - 17.

These measures would be in effect until such time as the budget reports a balance.

The Fraser Institute has raised valid concerns about the Government's ability to achieve a balanced budget in 2016 - 17 as forecast by the Minister of Finance, or by 2015 - 16 as forecast by the Prime Minister..

As we have indicated, the achievement of a balanced budget in 2015 - 16 is not an economic or fiscal imperative, although the Government has made it a political imperative.

As incoming PM Justin Trudeau told the Financial Times «people keep telling me we have made a risky choice in this time when there is this political mantra of balanced budgets as a way to demonstrate responsible leadership.

In proposing balanced budget legislation, the Harper Government has indicated that the debt - to - GDP ratio will continue to decline below its target of 25 per cent of GDP.

The Minister of Finance has indicated that additional spending cuts could be forthcoming in order to achieve a balanced budget in 2015 - 16.

Including Mr. Harper's vow in 2008 that a government led by him would «never» go into deficit, this is the second time in three years that the Conservatives have made a balanced - budget promise during an election campaign only to abandon it after being reelected.

They argue that, since 2009, the federal government's plans to balance the budget have been based on «risky projections, optimistic forecasts of revenue growth and unrealistic plans for spending restraint», which have resulted in increases in the projected deficit with each successive budget, and the pushing out of the date that the deficit would be eliminated.

The experience with balanced budget legislation in the provinces and other countries has not been impressive.

In affect, it would commit the government to balanced operating budgets (BOB) but not necessarily balancing the total budget (BBL).

In both cases, however, the budgets would be balanced, although the CCPA uses dynamic scoring which is unacceptable.

Mr. Mulcaire has stated that he is committed to producing a balanced budget in 2016 - 17.

Mr. Harper has been so successful in promoting this fear that both the Liberals and the NDP have committed to balanced budgets in their election platforms.

New initiatives that would require on - going funding would mean either a higher deficit track and no balanced budget in 2015 - 16 or new expenditure cuts to pay for the new initiatives.

If he does his research, he will find that attempts to implement balanced budget legislation have in most cases failed miserably.

In fact, noting that 50 % of the MSP premiums have already been eliminated (with the impact being absorbed in «general revenues»), the new payroll tax collected will more than make up the remaining MSP revenue shortfall, and is a material contributor to achieving the balanced budgets that are forecasIn fact, noting that 50 % of the MSP premiums have already been eliminated (with the impact being absorbed in «general revenues»), the new payroll tax collected will more than make up the remaining MSP revenue shortfall, and is a material contributor to achieving the balanced budgets that are forecasin «general revenues»), the new payroll tax collected will more than make up the remaining MSP revenue shortfall, and is a material contributor to achieving the balanced budgets that are forecast.

The legislation would require balanced budgets during «normal» economic times and concrete timelines for returning to balance in the event of an economic crisis.

In the 2013 Speech from the Throne, the Government for some mysterious reason committed to balancing the budget in 2015 - 16 and that is the corner they have now painted themselves intIn the 2013 Speech from the Throne, the Government for some mysterious reason committed to balancing the budget in 2015 - 16 and that is the corner they have now painted themselves intin 2015 - 16 and that is the corner they have now painted themselves into.

«Our Government's sound economic management and unwavering commitment to balance the budget this year — while creating jobs, growth and long - term prosperity for Canadians — has resulted in a resilient economic performance in a challenging global economy.

We estimate that balancing the budget in ten years would require savings of between $ 7 trillion and $ 10 trillion, while just stabilizing the debt at its already high level would require $ 5.4 trillion to $ 8 trillion.