Sentences with phrase «year budget reduced»

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.

Chagger's relationship with the small business community didn't start off well, however: Last year's budget froze the small business tax rate at 10.5 %, breaking a campaign pledge to gradually reduce it to 9 %.

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.

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.»

In the budget this year, Ottawa moved to gradually eliminate the amount eligible for the preferential small business rate as the amount of passive income rises above $ 50,000 with the small business deduction limit reduced to zero at $ 150,000.

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

The budget predicted the fiscal year would end with a thin surplus of $ 197 million, a feat that would be achieved by reducing expenditure growth, raising taxes and selling off more than 100 assets determined to be surplus.

The Office of Management and Budget estimates that the exclusion of imputed rent reduced federal revenue by nearly $ 79 billion in fiscal year 2015.

The analysis does not include an additional cost of the legislation: its repeal of the individual mandate, which the Congressional Budget Office estimates could cause as many as 13 million fewer people to have health insurance, reducing federal spending for poor and middle - class Americans» health insurance by $ 338 billion over 10 years.

Budget 2010 froze departmental operating budgets for two years, forced departments to absorb the 1.5 % increase in annual wages and salaries for 2010 - 11, and reduced the rate of growth in defence spending.

As noted above, the Estimates for 2013 - 14 do not include any Supplementary Estimates, which should reduce the difference between the Budget / final results and Estimates for that fiscal year.

I think we will get some version of the so - called penny plan to reduce spending as well (penny plan = hold flat nominal discretionary spending, or reduce it or 1 % each year until the budget is balanced).

In the 2006 Budget, the government promised to reduce the deficit by $ 3 billion per year; to reduce the federal debt - to - GDP ratio to 25 per cent by 2012 - 13; to eliminate the total government sector debt (which includes the federal, provincial and local governments as well as the Canada and Quebec pension plans) by 2021; and finally, to keep the growth in program expenses below the rate of growth in nominal GDP.

«This year's budget makes remarkable progress on reducing the debt - to - GDP ratio, and announced focused investment in areas that are important to the long - term economic success of the province, while holding steady on already very competitive business and personal tax rates.»

Unlike standard plans, which break up the loan repayment over 120 months, income - based plans can extend payments to 20 or even 25 years, reducing the minimum monthly payment and freeing up money in your budget.

-LRB-...) Television stations, airports, hospitals, schools, fire brigades and social services from Spain's southernmost tip to the Balearic islands in the east are reducing headcount as Rajoy tasks regions and municipalities with shouldering 60 percent of the cuts needed to reduce the budget shortfall to 2.8 percent of gross domestic product in the next two years.

The stance of U.S. fiscal policy in recent years constituted a significant drag on growth as the large budget deficit was reduced.

Despite lower earnings, management reduced its current capital spending budget and expects free cash flow to improve for the remainder of the year.

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.

As the House and Senate move forward in considering the Fiscal Year (FY) 2018 budget over the next few weeks, the Republican Study Committee (RSC) continues to tout its alternative, which aims to balance the budget in six years and reduce the ten - year deficit by $ 9.1 trillYear (FY) 2018 budget over the next few weeks, the Republican Study Committee (RSC) continues to tout its alternative, which aims to balance the budget in six years and reduce the ten - year deficit by $ 9.1 trillyear deficit by $ 9.1 trillion.

In the March 2016 Budget, Finance Minister Morneau reduced the private sector economists» forecast of average nominal gross domestic product (GDP) by $ 40 billion per year.

In the budget, nominal gross domestic product (GDP) was reduced by $ 40 billion annually throughout the forecast period, implying a fiscal prudence factor of $ 6 billion per year, twice the normal amount of prudence.

A cutback in Social Security's cost - of - living adjustment would save $ 5 to $ 10 billion a year, says Roger Strauss, cochair of a bipartisan commission seeking ways to reduce the national budget deficit.

I'm not entirely convinced of the logic in obtaining a player in this way (as opposed to an outright buy), and some would argue that it only defers our outgoings for a year (and reduces next year's transfer budget), but our owners are obviously in favour of this method.

While the park district budget will be $ 38 million higher than in 1985, the tax burden will be reduced by a $ 29 million surplus carry - over from the present year and from $ 28 million in expenditures from bond issues which will not affect the current tax levy.

What I am hoping to gain from this year (or as long as I can hold out) is new recipes to feed my growing family, and finding a natural way to reduce food waste and decrease our food budget... because this family loves them some expensive food items like organic bananas (guilty) and fancy cheese boards.

While more children used the regular school year food programs, budget cuts in many states caused school districts to eliminate or reduce their summer programs.

Des Plaines — Increases in music, activity fees and lunch prices are among the ways Elementary School District 63 plans to reduce the budget deficit next year without cutting programs.

This funding can come in the form of a state reimbursement for free and reduced price meals paid on top of the Federal reimbursement; for example, the state of California is supposed to give schools an extra.219 for every meal served to a qualifying low income child (in fact, due to the ongoing budget crisis in California, that reimbursement has not always been paid for every qualifying meal in recent years.)

State Comptroller Tom DiNapoli gave NYC Mayor Bill de Blasio's budget proposal a thumbs up for the short term, saying he made appropriate use of higher than expected tax revenues to reduce out - year budget gaps and to replenish reserves.

Tucked into the new state budget are reforms that court officials have championed for years to reduce two causes of wrongful convictions — false confessions and mistaken identifications.

Current debates about the economic situation in Spain, for example, are centred on the country's need to reduce its budget deficit to 5.3 % of GDP, as agreed this year with European partners in Brussels.

The actions proposed in the Executive Budget reduce the projected four - year deficit by 86 percent, from $ 64.6 billion to $ 9.2 billion.

Governor Cuomo closes this year's budget gap by reducing spending at state agencies by $ 1.3 billion dollars, and reducing aid to local governments by another $ 756 million dollars.

A key tenet of the Labour Party's manifesto is reducing the budget deficit year - on - year through the lifetime of the next parliament.

Future Deficits: The revenue and spending actions in the proposed Executive Budget reduce but do not eliminate out - year deficits.

Cuomo closes this year's budget gap by reducing spending at state agencies by over a billion dollars.

We have committed nearly # 1.5 bn of taxpayers» money to go to Arts Council England (ACE) over the next four years, with the budget for funding arts organisations, ACE's core business, reduced by less than 15 per cent.

The MoJ has been told to reduce its administrative budget by 50 % within five years, with 15 % cuts in the prison and court budgets specifically.

Obama can say that he reduced the federal budget deficit from 9.8 % of GDP in Fiscal Year 2009 under Bush, to 2.9 % of GDP in FY 2014.

[48] Shortly before the 2010 election, Osborne had pledged to be «tougher than Thatcher» on Britain's budget deficit, [49] and he duly set himself the target of reducing the UK's deficit to the point that, in the financial year 2015 — 16, total public debt would be falling as a proportion of GDP.

The City Council is taking matters into its own hands after Mayor de Blasio neglected to include funding for a reduced fare MetroCard program for low - income New Yorkers in the preliminary draft of the city's fiscal year 2019 budget.

And the county executive says her 2018 budget plan reduces the two - year forecasted structural deficit by $ 8.2 million to $ 36.4 million.

«He also reduced the once - bloated county budget by 5.2 percent over four years by making the commonsense, responsible and tough decisions needed to put the county back on the right track.»

Last year, the group ran ads in favor of a budget that reduced spending and closed a $ 10 billion deficit without raising taxes.

«This year's budget process presents New Yorkers with a long - overdue opportunity to «right size» our prison system by reducing costly and redundant levels of management.»

As we near the end of this year we have a better understanding of our budget needs under the new majority and were able to reduce next year's budget accordingly.

These new initiatives in the proposed budget, in conjunction with no significant cost shifts and the important reforms enacted in last year's budget, will help reduce budget pressures for counties.

Vanderhoef will also be seeking to layoff 150 county workers, save $ 1.8 million by not reimbursing out - of - county students at the community college, cut the intelligence task force from the police budget, kick $ 1.4 million in local election costs back to towns, reduce funding to contract agencies by $ 300,000 this year and over $ 500,000 next year, and install a new charge on your motor vehicle registration.

And while he finds it to be fiscally sound and applauds the plan for closing the out year budget gaps, he takes issue with the Governor's Tier VI pension proposal, saying it «does not provide for cost of implementation» while also suggesting Cuomo's budget would «would reduce long - established checks and balances.»