Sentences with phrase «year deficits of»

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.

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 $ 665 billion deficit for fiscal year 2017 will rise to about $ 800 billion this year and jump to $ 1.1 trillion in 2019, a result of the last year's tax deal and an early 2018 spending...

It is also likely to fall short of another Republican goal of paying for itself — analyses have found that it will add roughly $ 1 trillion to the deficit over 10 years.

The U.S. government's fiscal deficit for 2017 was $ 665 billion and that is expected to rise to about $ 800 billion next year, jumping to $ 1.1 trillion in 2019, a result of last year's tax...

Last year, the CBO published what it called «115 options for reducing the deficit,» and all of those painful suggestions were among them.

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

The Bank of Canada said nothing in public about the possible merits of deficit spending as it twice cut its benchmark interest rate last year to offset the collapse of oil prices.

The Liberals produced a modest $ 600 - million surplus in 2017 - 18, but it will be quickly replaced by a total of $ 31.9 - billion in deficit spending over the following six years.

Eight out of 10 provinces are forecasted to register deficits in their 2011 - 2012 fiscal years.

The Company incurred losses for the year ended December 31, 2017, amounting to $ (1.8) million and has an accumulated deficit of $ 26.5 million.

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.

Data from the European Commission indicates that the Greek deficit should fall below 3 percent in 2016 and that Athens should outperform its agreed primary surplus target of 0.5 percent this year.

The surplus was still down 47 percent from a year earlier, with the trade balance remained in deficit as the yen's decline has pushed up costs of imported fuels immediately while its impact on exports will take some time to be fully seen.

Let's start with the U.S., a country which might need this year some $ 500 billion of foreign savings to finance its expected current account deficit.

And an hour of that deficit has crept in over just the past 30 years.

According to the CRFB, the new law would lower deficits from 2027 to 2036 by over $ 1.6 trillion, for total savings of $ 2.4 trillion over 20 years, including foregone interest.

Imports rose 11.9 percent in the year to February, a fourth straight increase but below expectations of a 15.1 percent rise, leaving the trade balance in a deficit for the eighth consecutive month.

WHAT THEY DID: An earlier version of the Senate plan would increase deficits by roughly $ 1 trillion over 10 years, even when taking into account additional economic growth forecast with the tax cuts, the Joint Committee on Taxation said last week.

Many of these suppliers also sell to the defence sector, where spending is likely to decline in coming years as countries, especially the U.S., try to reduce their deficits.

U.S. President Donald Trump has repeatedly threatened to abandon the 23 - year - old pact unless it can be rewritten to reduce U.S. goods trade deficits of about $ 64 billion with Mexico and $ 11 billion with Canada.

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 Office.

It produces a total of $ 337 billion in lower deficits in the coming ten - year window, and would not significantly increase shortfalls «in any of the four consecutive ten - year periods beginning in 2027,» according to the CBO.

Since the major tax cuts in the bill are proposed to be permanent, the provisions would likely continue to add to the deficit outside of the 10 - year window.

They're saying right now they'll get rid of the deficit on their original timeline of 2014 - 2015, but I suspect it'll happen a year earlier.

Even if you set the issue of employment aside, the U.S. trade deficit over the past five years increased, meaning that the rest of the world was more successful at selling us more stuff than vice versa.

For starters, Prime Minister Stephen Harper has promised to fight the federal deficit, expected to reach $ 56 billion by fiscal year - end, with «fiscal discipline» instead of tax increases.

The bill would increase the deficit for six years outside of that window.

Ross also pointed out that the trade deficit with China — at a record $ 276 billion last year — is a result primarily of economic factors instead of policy issues.

The West African country is in its final year of the $ 918 million credit deal signed in April 2015 to fix its economy, dogged by high deficits, inflation and a distressing public debt.

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.

In the fiscal year that ended September 30, 2011 the deficit was $ 1.3 trillion, or 8.6 % of GDP.

But even factoring in $ 179 billion of additional revenue, the TCJA would increase the deficit by $ 1.23 trillion over 10 years, the analysis said.

By running the risk of higher deficits, the Trump plan could damage the credibility of Republican lawmakers who spent years railing against the rising national debt under former President Barack Obama.

All in all, the Trump tax plan would wastefully increase deficits by at least $ 3.5 billion over ten years — with half of all tax cuts going to the top 1 % — while actually raising taxes on nearly half of all families with children, according to the nonpartisan Tax Policy Center's (TPC) analysis.

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.

Conservative finance critic Pierre Poilievre called the PBO's findings «damaging» for the government, citing the impact of larger deficits, higher debt payments and a carbon tax that he says will erase at least $ 10 billion per year from the national economy by 2022.

The commitment to endeavor to eliminate the deficit a year earlier is a good thing, and so is the continuing pattern of developing economy opportunities, whether it's on innovation or measures for small business to create employment.

A provision within that rule stipulates that any bill going through reconciliation can not add to the federal deficit outside of 10 years.

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.

The projected budgetary deficit in 2010 - 11 was revised down from $ 40.5 billion to $ 36.2 billion and in fiscal 2011 - 12 was revised upward from $ 29.6 billion to $ 36.2 billion, for a cumulative reduction of $ 1.6 billion over the two years.

This step moved future costs into the current year, giving the latter a larger deficit for the sake of downsizing future deficits.

The all - time high was $ 74.95 billion in 2007, and the trade deficit topped $ 60 billion for six of the seven years between 2006 and 2012.

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.

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.