Sentences with phrase «year deficit annual»

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.

Not exact matches

Now, 17 years later, the surplus is gone, and we could easily see a $ 2 trillion annual deficit soon.

Instead, we get the usual budgetary hallucinogens: graphs showing the deficit casually marching down to zero over four or five years and gauzy references to an upcoming spending review that will discover $ 4 billion in annual savings through??? get this??? «greater efficiency and effectiveness.»

Following the 2015 election, the Liberal government abandoned pledges to run annual deficits of no more than $ 10 billion and to balance the books in four years.

Forecasters predict that the supply deficit will grow from 800,000 ounces in 2015, to 1.35 million ounces (that's about 14 percent of the total annual production) by the end of this year.

The government is forecasting a shortfall of $ 18.1 billion for 2018 - 19, which will be followed by annual deficits set to shrink each year to $ 12.3 billion in 2022 - 23.

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

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.

As you can see, although Alberta was the worst offender in terms of the discrepancy between how big the government predicted the deficit was going to be in fiscal 2013 ($ 882 million) and how big it expects it to be now ($ 3.9 billion), it is still the only province without net debt (that is the accumulated total of annual deficits, which, in turn, result from the government spending more than it generates in revenues every year).

However, it should be noted the EI Account is forecast to generate an annual surplus of about $ 4 billion in 2015 - 16), as current legislation requires that premium rates be kept high to compensate for previous years» deficits in the Account.

Given the current deficit in the EI Account and the new proposed annual change limit, the only option the CEIFB has is to recommend annual changes of 10 cents for at least the next five years if not longer.

Until the Federal government can pass a budget (they haven't in almost four years), remove the 7 - year long ZIRP which penalizes savers and rewards debtors, and find a way to eventually remove the excess QEs and > $ 1 trillion annual spending deficits, I will stay on the porch while the «big dogs» run.

Trillion - dollar annual deficits return indefinitely in two years, and debt could overtake the size of the entire economy in a little more than 10 years.

With the federal budget coming soon, it is also worth recalling that the Liberals promised to run deficits of no more than $ 10 - billion for a maximum of three years, but the government's latest projections peg its annual deficits at almost $ 30 - billion with no timeline for returning to a balanced budget.

Another important factor is also in the picture: the huge annual government deficit of more than a trillion dollars that must be funded every year.

In both 2014 - 15 and 2015 - 16, annual surpluses in the Employment Insurance Operating Account have reduced the deficits in those years by about $ 4 billion.

The nation's actual, annual deficits are roughly $ 1 trillion per year, more than three times the value of the entire gold reserve.

Permanent annual trillion - dollar deficits will now return next year and top $ 2 trillion by 2027 if both this budget deal and the tax law are made permanent, which is what Congress intends.

The federal government's annual budget deficit is set to widen significantly in the next few years, and is expected to top $ 1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office released yesterday.

Senate Democratic leaders have delayed consideration of the annual budget resolution until Congressional leaders and the White House agree to deficit reduction package, which is expected to set discretionary spending levels for fiscal 2012 and possibly for future years.

Just last year, the state did it, shifting responsibility for New York canals and a more than $ 100 million annual operating deficit from the Thruway Authority to the state Power Authority.

In addition to legalization of same - sex marriage and implementation of a 2 - percent annual property - tax cap, his first year in office included: a new ethics law, a partial rollback of the Metropolitan Transportation Authority payroll tax, the first cut in state spending in 15 years, and a rewrite of the tax code to tax the wealthy at a higher rate and cut rates for middle income New Yorkers — an idea he opposed in the spring, only to reverse himself later as the state deficit grew.

It runs annual deficits in the hundreds of millions of dollars each year, despite a series of measures under the de Blasio administration to restore fiscal stability.

The CBO just announced that our annual deficit will be 640 billion this year, which is almost half of what it was under Bush's last budget.

This $ 533 billion deficit — that President Obama vows will be the lowest annual deficit he runs in any of the next four years — is larger than any deficit the profligate President Bush ran before this recessionary year.

Bob Dougherty, a former Syracuse councilor, said city residents should keep an open mind about consolidation, because the city faces annual budget deficits of roughly $ 10 million to $ 20 million a year.

ORDA mountain managers have worked steadily in the past six years to add snowmaking equipment, updating older snow guns to more energy - efficient models, which the annual report says have allowed the resort to prepare for snow deficit.

The independent Treasury watchdog, set up by the chancellor two years ago, said lower growth would limit the government's income from tax receipts and force it to borrow more or look for extra savings to continue reducing the annual deficit.

The prime minister made no mention of chancellor George Osborne's pledge on Monday to freeze working age benefits for two years, but said the plan to eradicate the deficit by 2017 - 18 through a further # 25bn of public spending cuts was doable, adding it represents only 3 % of government annual spend.

The city was facing a major budget deficit because a contract with the Onondaga County Water Authority for the sale of a water tunnel connected to Lake Ontario, which had provided the city with an annual $ 1 million payment for 20 years, has expired.

In the UK, the budget deficit — the gap between what the government spends and what it gathers in taxes — ballooned to more than # 160bn in the 2009 - 10 financial year, which is more than 11 % of annual national output.

Finally, the state did it, last year shifting responsibility for New York canals and a more than $ 100 million annual operating deficit from the Thruway Authority to the state Power Authority.

As well as an annual budget, working to five - year projections can also help to prevent possible deficits and can ensure that potential funding cuts are carefully considered in the overarching financial strategy.

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.

Under Roberts, the Detroit Public Schools has generated an annual operating surplus for the 2011 fiscal year, its first surplus since 2002; accelerated the elimination of its $ 327 million legacy deficit; and adopted a balanced budget for fiscal 2012.

Along with the enrollment growth, the charter school's annual budget would grow from a projected $ 1.39 million to $ 1.89 million — while a projected budget deficit for the charter school also would grow, from around $ 30,000 after its first year to nearly $ 139,000 in the fifth year.

Lembo's $ 172.8 million deficit projection falls just short of 1 percent of this year's general fund, which covers the bulk of state government's annual operating costs.

The bank also said that Ottawa's target of lowering the debt - to - GDP ratio over the coming years would remain achievable, even with the bigger annual deficits.

It would take approximately $ 17,000 + in annual spending to make up for this $ 116 deficit in value (assuming a $ 100 hotel stay, plus the $ 16 difference in annual fees), year - to - year - that is the point at which the 2.4 % rewards rate of the SPG beats out the 1.5 % rate users get from gas station, restaurant, and grocery spending.

Combined with the sting of the struggling economy, the new Liberal government is already facing increasing pressure to meet its election vows to cap annual deficits at $ 10 billion over the next two years and to balance the federal books in the fourth year of its mandate.

For example, in the Real World, if one has to spend $ 25,000 replacing a roof in year three, this affects cash flow and net worth; which effects the annual cash flow surplus or deficit in that year, which may effect contributions to investments for more than one year, which may make a retirement plan win or fail.

In order to properly use Monte Carlo in retirement planning, dozens to hundreds of inputs need to change to reach a Real World probability number: Life expectancy, age of retirement, investment payouts, yields vs. share selling, investment returns, inflation, income goals, Social Security, all of the types of taxes, pension payouts, annual cash flow surpluses and deficits, random earned incomes, replacing vehicles every ten years, allocation mix changes over time; and then duplicate all of that for every investment individually, then for the spouse, then account for all of that compounding in every year, and the list goes on and on.

After retirement has begun, then (only) the annual cash flow surpluses from the Cash Flow Projector can be controlled the same way (deficits become part of the income goal so they go away, unlike the accumulation phase where if you spend more than you make in a year, then it either came from spending savings, borrowing, bumming the money from someone else, etc.).

It is revealed that Miss Mary Mitchell (the animal - loving socialite) had contributed more than $ 50,000 to cover annual deficits throughout a period of 15 years.

With an annual deficit of roughly $ 16 million a year and an unrestricted endowment of $ 45 million, the school's available funds could be depleted within two to three years.

In a statement, the board cited a current $ 12 million annual deficit, and health care costs projected to grow at 7.5 percent a year, as reasons why cost - cutting alone would solve their budget problems.

As of this year, we have an annual structural deficit of close to $ 16.5 million.

Facing annual budget deficits of $ 13 million to $ 23 million, the trustees voted in April 2013 to start charging tuition of about $ 20,000 a year.

The idea that you could ever replace the rate of utilization of energy from fossil fuels, which has been estimated as consuming 400 years worth of photosynthesis per year, with a fraction of the annual photosynthetic harvest that does not impinge on food production is part of today's magical thinking, along with reducing deficits by cutting taxes while continuing to increase spending.

Who cares about 8 % unemployment, the flatlined economy, abandoning Americans to die in Bengahzi, Joe Biden's buffonery, fast & furious, national debt, USA credit downgrade, trillion dollar annual budget deficits, deliberate sabotage of the coal industry, ACORN, failed foreign policy (Iran with nuclear weapons, bowing to China, stiffing U.K and Israel, etc) abysmal people judgement (Biden again, plus H. Clinton, T, Geithner; K. Sebelius; E. Holder, etc), stopping the pipeline for Canadian oil, blocking drilling in US land, secret «kill lists», ObamaCare, attacking religious liberty, you didn't build that, unseemly chest - pounding over bin Laden (GM is dying but bin Laden is coming back to life), 20 years of Jeremiah Wright, failure of crony capitalism deals with Solyndra - NextEra — Ener1 — Solar Trust etc., over 100 rounds of golf in 1st 3 yrs, choom, the Chevy Volt, insisting the Ft Hood massacre was «workplace violence», secret college transcripts, «clearly the Boston police acted stupidly», disregard of the Simpson - Bowles budget recommendations (after commissioning their work), and lots more irrelevant stuff.