Sentences with phrase «year deficit»

For the coming 2012 - 13 fiscal year this deficit already estimated to be as high as $ 2.4 billion.

The spending plan shows future year deficits of $ 2.3 billion in fiscal year 2018, $ 2.9 billion in fiscal year 2019, and $ 2.7 billion in fiscal year 2020.

As the Government is quickly realizing, it is virtually impossible to hit a single year deficit target over which it has little control.

Some critics, including Nicole Gelinas of the fiscally conservative Manhattan Institute, say de Blasio is driving up out - year deficits by agreeing to contracts that offer retroactive raises.

Last year the deficit was 7.9 pc.

Over the next few years deficit spending in excess of $ 1 trillion US dollars per year will be the norm in the US, but there is more to this than the headline figures reveal.

Toilets would be closed, rubbish removal halted and regular maintenance canceled at some state parks under Gov. Dannel P. Malloy's latest two - year deficit reduction plan.

«Some estimates of today's plan indicate that there are about $ 5 trillion in proposed cuts that Republicans need to fit into a $ 1.5 trillion box (the amount of 10 - year deficits agreed to in a tentative deal in the Senate Budget Committee.»

The Division had initially cited market volatility as its reasoning for not releasing the update — which showed an out - year gap as high as $ 3.5 billion and a current year deficit of $ 350 million.

«The 10 - year deficit increase from the tax action is unchanged in the final bill so we don't think a meaningful repricing is needed to account for the present value of future Treasury supply.»

For rates, the overall outlook remains unchanged from earlier Morgan Stanley forecasts as 10 - year deficit size and 2019 deceleration remain core to the outlook.

The only part that I questioned Woodward on, and he then later showed me the proof — he's a good reporter — was the notion that the $ 140 billion number, which is that fourth - year deficit annual target that we settled on, came from Alan Greenspan.

That's doesn't include Obama's first year deficit budget, which was a carry over deficit from W's last year in office and was over by $ 1.3 Trillion and the debt ceiling was raised.

In the first four months of the current fiscal year the deficit widened to # 44.9 billion compared to # 35.6 billion in the same period last year.

Vanderhoef ripped into state lawmakers, stating that by failing to back the legislature's original five - year plan which was based around an increase in sales and other taxes as well as a 10 - year deficit bond, «The state has failed us.

Doing these fiscal year deficit mitigations every other month is just, it has to be done, but its not changing anything.»

There was no indication Monday afternoon that the bipartisan talks were close to any kind of budget breakthrough to solve the two - year deficit estimated at $ 3.5 billion.

That is the lowest «first out - year» budget gap in two decades, he said, noting that in his estimation the budget's recommendations cut the projected four - year deficit by more than half, from $ 16.4 billion to $ 7.4 billion.

Last year the deficit was 7.9 %, this year 6.9 %.

Over the next few years deficit...

President Obama's annual budget proposal includes a $ 4 trillion price tag, a 10 - year deficit reduction plan — and almost no chance of passing a Republican - controlled Congress.

It also projects ten - year deficits of 4.3 percent of GDP ($ 10.1 trillion) compared to the previous projection of 4 percent of GDP ($ 9.4 trillion).

Raising taxes in order to address the coming 2012 - 13 fiscal year deficit would earn a «no» vote from Sen. Greg Ball.

For example, if Congress extends tax provisions that expired at the end of last year or will expire in the future and enacts an unpaid - for repeal of the automatic spending reductions known as the sequester, ten - year deficits would increase by $ 1.7 trillion (from $ 10.1 trillion to $ 11.8 trillion) and result in debt in 2027 reaching 97 percent of GDP (instead of 91 percent).

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 trillion.

We are running a 1.5 trillion a year deficit.

That happened because the Legislature would not close the out - year deficit and that is not in dispute, that's a fact and I don't want it to happen again.»

For example, the spot notes the state's projected three - year deficit is greater than the GDP of 103 countries, and that the projected FY 2011 deficit of $ 9.2 billion (which is an ever - moving target) would buy 468,790 Ford fusions.

You saw that last year the deficit was 9.4 per cent of GDP, that's where it ended and thanks to the Asempa budget, we've gone back on the path of fiscal consolidation to bring back the deficit this year to 6.5 percent of GDP.

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

«This year's Executive Budget proposal continues that trend and substantially reduces out - year deficits.

The coming 2012 - 13 fiscal year deficit could take a bigger hit due to declining revenues and the rough economic terrain here in the U.S. and across the globe, Comptroller Tom DiNapoli warned in a report issued today.

Among DiNapoli's proposals: - Require the governor to have a gap - closing plan for out - year deficits; - Impose a binding revenue forecast; - Increase reserve funds; - Require open budget negotiations;

ALBANY, NY (11/23/2010)(readMedia)-- Governor David A. Paterson today announced the agenda for the extraordinary session of the Legislature, on Monday, November 29 at 3:00 p.m. Governor Paterson called for special session to address the $ 315 million current - year deficit and additional legislation that was not completed at the end of regular session.

Mr Loynes said there was now a risk the full - year deficit could overshoot the recent Budget forecast put forward by the Office for Budget Responsibility.

In California, year - end precipitation helped erase early - year deficits, resulting in the state's 13th driest year.

One of the ballot issues defeated was a request by school officials for authority to issue $ 160 million in bonds to cover the district's current - year deficit, which represents about 23 percent of its annual budget.

The EFA report found that trust had forecast a # 284,000 surplus at the end of the 2016 - 17, but the EFA found a new school with a significant in - year deficit had joined, with the forecast not being revised to reflect this — breaching academy funding rules.

Half the schools business leaders said their school was currently running with an in - year deficit, with 60 per cent expecting to be in deficit in the next financial year.

Recently, it needed a $ 90,000 «emergency funding» grant from the Inasmuch Foundation to avoid an end - of - the - year deficit.

For instance, if you have a $ 5,000 a year deficit on Worksheet 4 and one of your goals is to go on a $ 4,000 family vacation to Britain in four years, you need to figure out a way to cut $ 6,000 a year from your spending.

This model assumes that the CO2 sequestered by immature woodlands and forest plantations full of saplings is instantaneously equal (that is to say, without a 35 - to 50 - year deficit) to the centuries of carbon captured by the old - growth trees of a mature forest.

According to a September 2012 study by the Congressional Research Service, a small carbon tax of $ 20 per ton — escalating by 5.6 percent annually — could cut the projected 10 - year deficit by roughly 50 percent (from $ 2.3 trillion down to $ 1.1 trillion).