Sentences with phrase «year budget deficit»

As expected, the current fiscal year budget deficit is forecast to come in at just shy of $ 30 billion ($ 29.4 billion, to be exact) and to fall only a bit next year (to $ 29.0 billion), nearly three times the size of deficit promised during the election campaign.

It also eliminates the state's projected $ 5 billion two - year budget deficit by cutting the public workforce and requiring more state employee givebacks.

«It does not fully address our current year budget deficit.

According to state Comptroller Tom DiNapoli's office, the current - year budget deficit is a lot bigger than the $ 350 million estimated by Gov. David Paterson's Budget Division, and is likely closer to $ 1 billion.

In a related development, government is expected to miss out on end of year budget deficit of 5 percent which the Finance Minister attributed to the challenge to revenue shortfalls, slow foreign exchange inflows and gas supplies from jubilee FPSO.

This video updates the Liquidity Gauge to incorporate Quantitative Tightening and trillion - dollar a year budget deficits.

Not exact matches

The PQ has laid out plans to reduce that pesky deficit as well, stating the government would balance the budget by the 2015 - 2016 fiscal year.

After eight consecutive years of deficits the goal of a balanced budget remains elusive.

The Spanish government is targeting a total budget deficit equal to 6.3 percent of GDP this year, revising downward its deficit outlook to 2.8 percent in 2013.

WASHINGTON (AP)-- The combined effects of President Trump's tax cuts and last month's budget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Obudget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Obudget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget OBudget Office.

The CBO report says that that the twin tax and spending bills will push the budget deficit to $ 804 billion this year and just under $ 1 trillion for the upcoming budget year.

The bill can not increase total deficits in the years beyond the CBO's 10 - year budget window, over and above the forecasts under current law.

Last year's budget was the «ostrich budget,» wherein Flaherty jammed his head in the sand while punting all the pain for dealing with the deficit down the road.

Deficits will probably reach $ 1 trillion in the current or next fiscal year, almost double what the Congressional Budget Office had projected less than a year ago for 2018.

Saudi Arabia has projected a budget deficit of 195 billion riyals in 2018, or 7.3 percent of GDP, down from 230 billion riyals last year.

Already in Brazil, the region's biggest economy, President Dilma Rousseff is starting to roll out a more conservative message of austerity, including cuts in unemployment and welfare benefits, to tame a record budget deficit widened by the biggest economic slowdown in 25 years.

If the provision makes changes to Social Security, increases the deficit beyond the 10 - year budget window, or does NOT produce a change in outlays or revenue than it's considered extraneous.

U.S. budget: The group expects continued improvement in the federal deficit, which it sees shrinking to $ 460 billion next year from $ 483 billion in fiscal year 2014

If various personal deductions were eliminated as the plan proposes, it could still leave a $ 2.2 trillion addition to the deficit over 10 years, according to the analysis from the Committee for a Responsible Federal Budget.

Walker began this year's legislative session looking at a $ 4.1 billion budget deficit.

The parliamentary budget office's report says the slippage in spending is likely to affect the budgetary balance sheet by reducing planned deficits in one year at the expense of deeper spending in future years.

And, of course, a massive budget deficit because of a lack of alternative sources of revenue: Moody's noted that the country's gross borrowing requirements through 2019 will average 17 % of GDP, because much of the debt it issued during the boom times is falling due in the next two years.

The Portuguese government could soon end 25 consecutive years of budget deficits — a historic moment for the indebted economy.

Fedosejevs was part of a group of fusion researchers who requested $ 21 million from the Alberta government in 2009 to establish an Alberta - Canada Fusion Energy Institute, but their timing was poor, given that the province was about to announce its first budget deficit in 15 years.

It expects to report a whopping $ 16.7 - billion budget shortfall for the year ended March 31 (about 3 % of GDP), its third consecutive deficit.

According to Congressional Budget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern bBudget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern bbudget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern border.

Martin would be left with billions of dollars in unallocated revenue at the end of each fiscal year, which was first used to narrow the budget deficit, and then went toward the debt.

And the Congressional Budget Office projects a deficit of $ 642 billion for fiscal year 2013, that's down $ 200 billion, reports CNBC's John Harwood.

And late last year, the Republican tax cut was enacted that will add more than $ 1 trillion to federal budget deficits over a decade.

The best fiscal rules are more flexible, promising to keep the structural deficit in check, for example, or pledging to balance the budget over a number of years.

With inflationary pressures and massive budget deficits having become the topic du jour this year, the bond - market «vigilantes» term has made its way back onto trading floors.

Russell was referring to the implementation of the 6 % GST in April this year, with the aim of reducing the country's budget deficit.

Ontario's Budget 2014 projected a $ 12.5 billion deficit for fiscal year 2014 - 15.

The deficit for the current fiscal year that ends in two weeks is projected to be $ 25.9 billion — exactly as forecast in the fall fiscal update but up significantly from the $ 21.1 billion posited by Flaherty in last March's budget.

The software had generated buzz through word of mouth in ERs across the country, after government officials in Washington, reeling from a budget deficit, threatened in 2011 to limit Medicaid reimbursement to three non-emergency visits per year.

Even with austerity programs in place, the eurozone's collective budget deficit this year will exceed 4.5 % of GDP.

Q: Will Congress» approval of trillion - dollar federal budget deficits this year and next and perhaps into the future be good for the economy?

However, to avoid abrogating the Byrd rule, which disallows bills that increase the deficit beyond the budget resolution's window, the tax cuts were scheduled to expire after ten years.

Tuesday's budget showed the Liberal government is still predicting billions of dollars in annual deficits over the next six years.

The Byrd rule also prohibits initiatives that would increase the deficit beyond the fiscal years covered by the budget resolution.

Recent lower oil prices have helped Morocco cut those costs and shrink its budget deficit from nearly 5 percent of gross domestic product in 2014 to 4.3 percent this year.

If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years — reaching the highest level of debt relative to GDP ever experienced in this country.

As reported in the Annual Financial Report for fiscal year 2011 - 12, the deficit for In 2011 - 12 was $ 1.4 billion higher than estimated in the March 2012 Budget.

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

Notwithstanding the Conservatives» repeated rejections of the PBO claim, last year's budget was an implicit admission that a significant portion of the federal government's deficit was structural.

We raised the issue of a structural deficit in our budget submission to you last year.

Using the Bank of Canada forecast growth of 1 % for 2015, we have estimated that there would be a deficit of $ 1.6 billion in 2015 - 16 but have maintained the April budget forecast for the remaining years.

The Parliamentary Budget Office has been warning that the federal government has been running a «structural deficit» for several years now, and the Conservative government has been dismissing those warnings for just as long.

After that, deficits were recorded for seven consecutive year until.in this year's April budget.

The key risk to the 2018 Budget deficit forecast of $ 19.4 billion for the year as a whole is personal income tax revenues.