Sentences with phrase «year the deficit widened»

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.

Not exact matches

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.

And Mr. Trump's signature economic policy so far — the $ 1.5 trillion tax cut — is likely to widen the trade deficit in coming years by encouraging more investment in the United States, many economists say.

However, PBO is forecasting higher deficits in the outer years with the difference widening to $ 11.5 billion by 2015 - 16.

The overall United States trade deficit in goods and services with the world widened 12.1 percent to $ 566 billion last year, the largest gap since 2008.

The American trade deficit fell in March, yet the goods gap with China, $ 106 bln this year so far, keeps widening.

In addition the planned fiscal deficit was widened from 2.3 % to 3 % this year, but it is unlikely that such minor steps can do much to counter the de-leveraging that is needed across the state - owned sectors that dominate China's heavy industries where excess capacity and accumulating losses are most concentrated.

As US fiscal deficits begin to widen, who will step up to buy the $ 158 billion per year that China had purchased from 2012 - 2015?

It's likely that this deficit will widen over the next few years and, unless many billions of dollars are spent soon, the world is facing the prospect of a significant shortage of oil in the early years of the next decade.

While economic growth accelerated, the trade deficit in goods and services widened to $ 566 billion last year, the largest amount since 2008.

The widening in the current account deficit that we expect in 1998/99 will be the fifth such cyclical widening in the past 20 years, and I think that people now accept this as a part of our economic cycle.

Correspondingly, the current account deficit has also widened over the past couple of years, although the deficit for the September quarter, at around 6 per cent of GDP (assuming that the net income deficit remains constant as a share of GDP), is likely to have been smaller than in the previous quarter.

The Trump administration has passed increases in defense expenditures and a tax cut, which should both cause the deficit to widen next year.

Suffolk County Executive Steve Bellone's proposed $ 3.05 billion budget for 2018 overestimates sales tax revenues, underestimates police pay and overtime and uses «risky assumptions» that could widen the county's structural deficit to up to $ 150 million next year, legislative analysts said.

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.

With the US trade deficit widening, foreign central banks can be counted on to print more money and buy even more US debt this year.

Because India's imports of coal grew by 31 % this year... And just to cheer you all up, «India's coal imports are likely to touch a whopping 185 million tonnes (MT) by 2017, almost 20 % of the international dry - fuel trade amid widening demand - supply deficit, according to Planning Commission.»

However, recent research has shown that children exposed to high levels of adversity may be less prepared to succeed in school, in part due to deficits in executive function skills.6, 7,9,10,11 These deficits may undermine children's abilities to succeed in academics and develop positive peer and teacher relationships.12, 14,15 This may have long - term implications for school success given that the achievement gap tends to persist and even widen throughout the school years.16, 17