Sentences with phrase «years of austerity budgets»

SÃO PAULO, BRAZIL — Strapped for cash after 3 years of austerity budgets, Brazilian scientists are bracing for an even harsher year ahead.

On the heels of six years of austerity budgets dating to 2008, the Executive Budget proposes another year of spending cuts in a host of areas, and lays out a multi-year plan of steep spending cuts that will extend the austerity measures for three more years, thus completing an «austerity decade» for New York.

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.

Even with austerity programs in place, the eurozone's collective budget deficit this year will exceed 4.5 % of GDP.

Given also the need for an austerity budget to comply with European rules, growth is likely to weaken, meaning the protest parties will continue to strengthen and may well be strong enough to take over in a couple of years.

The gloomy headlines about life in austerity have become all too familiar reading over recent years, but what have the pressures on household budgets really meant for family life, and could some of the long - term impacts have been hidden from view behind the front door?

The problem is that in the bleak landscape of austerity, where local councils have had their budgets halved since 2010 and are looking at losing another third of their funding over the next four years, a service which isn't even used by their own residents could start to look like an easy cut to make.

The chancellor, George Osborne, certainly plans more austerity, hoping to achieve a budget surplus and a rapidly declining debt - to - GDP ratio by the end of the decade (four years later than he originally predicted).

The Shadow Chancellor will call for a Budget that deals with the growing emergency faced by working families and our vital public services, which have been left in crisis after seven years of Tory austerity.

Its austerity policies inhibit growth and constantly pull down aggregate demand, and when as a result the budget deficit grows instead of falls, that is used as a pretext for another massive round of cuts (another # 9.8 bn in this year alone).

Commenting on the announcement of the draft Scottish budget for 2013/14, Chris Keates, General Secretary of the NASUWT, the fastest growing teachers» union in Scotland, said: «While the Scottish Government has been placed in a difficult position by the Westminster Government's imposition of its austerity measures, it is deeply disappointing that the Scottish Government has chosen to follow the Coalition's flawed economic policies by imposing another year of pay freeze on public sector workers.»

Johnson said adding together the budget cuts covering the eight years of austerity from 2010 to 2018, some departments could be forced to provide services based on a cut of 40 % or more in their budgets.

Unfortunate, then, that within hours of the «austerity budget», the Bank of England's monetary policy committee reveals it's first single vote in favour of an interest rate rise for nearly two years.

Organising the meeting, the Campaign for Labour Party Democracy's George McManus reminded delegates that the Labour Party had rejected CLPD's calls to reject austerity in favour of an emergency budget at last year's National Policy Forum.

The groups believe that in light of the lack of job creation three years into a so - called recovery from the Great Recession, lawmakers should reject the Governor's effort to enact yet another austerity budget.

First, 10 years into this trend, the federal budget is now facing a time of unprecedented austerity.

Deal added close to $ 167 million to the state budget, a restoration after years of austerity cuts.