Sentences with phrase «year deficit estimated»

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.

Not exact matches

The IMF also estimates that consumer prices will climb by an astronomical 13,000 percent this year due to the monetary financing of large fiscal deficits and the loss of confidence in the country's currency.

The proportion of people who say they are saving less than last year to retirement savings is down, but the retirement income deficit for the coming generation of retirees is estimated to be $ 4.3 trillion.

Simply enter in your estimates for real GDP growth, GDP inflation, the 10 - year bond rate and your desired contingency reserve in the yellow cells, and the sheet will estimate the projected surplus or deficit for fiscal years 2015 - 16 through 2019 - 20.

The most optimistic assumption by the Tax Foundation estimated that even with new growth, the bill would increase the deficit by $ 448 billion over 10 years.

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 border.

Including just the effects of economic feedback from deficit reduction would reduce the cumulative deficit over the next 10 years by roughly $ 160 billion — or about 0.1 percent of GDP, on average — compared with CBO and JCT's conventional estimate of the President's proposals.

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.

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 year - over-year improvement in the deficit to date is $ 6.2 billion, whereas the November 2011 Economic and Fiscal Update estimated an improvement of only $ 2.4 billion for the year as a whole.

There is a very high likelihood that the deficit will be eliminated in 2014 - 15 a year earlier than your political commitment of 2015 - 16, You already have the final financial results for 2013 - 14, which, in our opinion, will show a deficit significantly lower than what was estimated in the 2014 Budget.

The CRFB estimates that revenue increases (many of which are completely unspecified in the proposal) would offset about $ 3.6 trillion of the gross $ 5.8 trillion cost, for a net deficit increase of $ 2.2 trillion over 10 years.

Double the Deficit: After an unprecedented debt binge by Congress, the dust has settled and we estimate that 55 percent of next year's deficit will be a result of legislation passed since 2015 — mostly last year's tax cuts and this year's bipartisan spendinDeficit: After an unprecedented debt binge by Congress, the dust has settled and we estimate that 55 percent of next year's deficit will be a result of legislation passed since 2015 — mostly last year's tax cuts and this year's bipartisan spendindeficit will be a result of legislation passed since 2015 — mostly last year's tax cuts and this year's bipartisan spending deal.

Dimon estimated that the whole tax reform bill will add $ 1 trillion to the deficit over the next ten years, which he noted is «not a material number.»

The government's elevated gross borrowing requirements estimated at around 17 % of GDP per year between 2017 and 2019 are mainly driven by sizeable maturing government bonds — in particular, local currency USD - indexed bonds — on top of fiscal deficits averaging around 3.8 % of GDP.

He added that the estimated $ 1 trillion the entire tax bill would add to the deficit over the next ten years is «not a material number.»

This week the Congressional Budget Office (CBO) said it estimated the deficit to surge over $ 1 trillion this year and average $ 1.2 trillion each subsequent year between 2019 and 2028, for a total of $ 12.4 trillion.

The GOP bill including some changes would increase federal budget deficits by $ 1.7 trillion over 10 years, according to Joint Committee on Taxation estimates shared by the nonpartisan Congressional Budget Office.

By our estimate, a $ 1.5 trillion deficit increase will result in debt reaching the size of the economy by 2028 and exceeding its post-World War II record a year or two later.

A surge in Australia's terms of trade has mitigated the effect of these developments on the trade deficit, which is estimated to have been around 3 1/4 per cent of GDP in the December quarter 2004, wider than at mid year but broadly similar to the outturns of the past year and a half (Graph 32).

Cumulatively for the two years we estimate that there could be $ 8 to $ 11 billion available for new stimulus spending without increasing the deficit for those years from that forecast in the June budget.

However, it's estimated that it will only generate $ 8.7 billion over 10 years, which equates to 0.18 % of the current budget deficit.

Fiscal policy has become more expansionary over the past year, with the recent fiscal package contributing to an estimated federal budget deficit of just over 4 per cent of GDP this year, up from around 1 1/2 per cent in 2002.

A combination of reserve drawdowns and domestic debt are expected to continue funding Saudi's budget deficit, which bankers estimate will reach $ 100bn this year.

The International Cocoa Organisation (ICCO) has revised its gloomy cocoa estimate of a 5,000 tonne deficit to predict a global surplus of 80,000 tonnes of cocoa in the coming year, assuring manufacturers of a steady supply.

Despite severe cost cutting, scores of layoffs and wholesale restructuring last year, Chicago Public Schools faces a budget deficit estimated at $ 600 million to $ 700 million in 2013, with the cost of a longer school day still unknown, officials said.

The strike reflects the dire state of school finances in Illinois, where an estimated 8 of 10 school districts face budget deficits this year.

According to the report, about US$ 494million will be required to procure natural gas for the various thermal plants as there is bound to be at least a supply deficit of 65,000 mmscf, as it has been estimated that the gas flow required for fuelling the thermal plants this year will range between 120,000 - 146,400 mmscf.

Our prime focus is to ensure that the fiscal deficit, which remains our principal fiscal anchor, is programed to decline to 4.5 percent of GDP from the projected 2017 end - year estimate of 6.3 percent.

This year's deficit has gone from $ 1.1 billion to $ 3.2 billion, while next year's deficit grew by $ 2.2 billion to $ 6.8 billion since July's estimate.

Obamacare will cost U.S. taxpayers hundreds of billions over the next 10 years and increase the nation's already massive deficit, while the number of insurance companies participating in Obamacare will plummet from 232 to 167 in 2017 alone, according to estimates.

NYC's municipal - hospitals will lay off as many as 600 employees in coming months to help close a deficit estimated at $ 1.1 billion next year, its leader said.

Cuomo and state lawmakers next year will have to close a budget deficit estimated to be as high as $ 4.6 billion and growing — forcing difficult decisions in a re-election year.

The state faces an estimated $ 4.5 billion deficit that must be closed in a budget expected to pass by March 31, the final day of the state's fiscal year.

If at any time during the fiscal year it appears, from cash flow projections or other generally accepted accounting principles, that the revenues available, as projected through the end of the fiscal year, will be insufficient to meet either (a) the amounts appropriated, or (b) expenses anticipated to be incurred through the end of the fiscal year, such that the cumulative effect thereof is a projected year - end deficit in excess of fifty percent of the County's undesignated, unreserved fund balance as of the end of the immediately preceding fiscal year, the County Executive or the Comptroller shall submit a report to the Legislature setting forth the estimated amount of the deficit with appropriate details and explanations.

Gov. Andrew Cuomo's proposed state budget increases New York City's deficit for the upcoming fiscal year by an estimated 58 %, creating an «immediate $ 1.4 billion gap» on top of an already existing shortfall of $ 2.4 billion, City Comptroller John Liu plans to tell Albany lawmakers in testimony Monday.

Some economists have estimated that next year's budget deficit could exceed $ 10 billion, and with the state's expenses increasing almost twice as fast as its revenues, the deficit is likely to grow radically from there.

Lawmakers are already eyeing an estimated $ 4 billion deficit in next year's budget, and Cuomo said other health care funding cuts proposed by Washington Republicans would only make the situation worse.

The Division of Budget released today a mid-year budget forecast, showing that the deficit for the coming 2012 - 13 fiscal year is estimated to be between $ 3 billion and $ 3.5 billion.

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

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.

Revised estimates are projecting $ 202 million in deficit this fiscal year alone, which crosses the threshold requiring Governor Malloy to issue a deficit mitigation plan.

Connecticut's deficit is currently estimated to be about $ 224 million for this fiscal year that ends on June 30.

Governor Andrew Cuomo plans to piggyback on last year's success in closing a $ 10 billion budget deficit while holding the line on taxes by reducing estimated spending increases to state agencies and local municipalities, state officials said on Thursday.

Suffolk legislative budget officials estimated a $ 135 million deficit this year.

First up: The state's estimated $ 4.5 billion budget deficit in the new year.

Paterson reiterated the importance of making aggressive budget cuts in areas such as Medicaid and education in order to address New York's estimated two - year $ 10 billion deficit.

Chairman Sean Ward and Majority Leader Frank Commisso strongly disputed the mayor's $ 2 million deficit estimate, but they did tell McCoy that they were willing to delay implementation of Resolution 445 for a year to give the city more time to plan for the change.

Bloomberg estimated that the plan would cost the city $ 1.3 billion when it is facing its own estimated deficit of $ 4 billion for next year.

Governor Akinwunmi Ambode of Lagos State on Monday said there was the need for additional 187, 500 new houses in the next five years to reduce the housing deficit estimated at 2.5 million in the state.