Sentences with phrase «years of austerity cuts»

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

Not exact matches

Austerity measures imposed earlier this year include $ 65 billion ($ 80 billion) in spending cuts and tax increases by the end of 2014.

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.

As well, Flaherty cut in half an Employment Insurance premium hike scheduled for Jan. 1, a move that will cost Ottawa $ 600 million a year, but will leave that cash in the pockets of workers and companies — a shift from deficit - shrinking austerity to stimulus.

Five years of failed austerity policies in Greece and a total breakdown in trust between the leftwing Syriza alliance and the political leaders of its creditors climaxed in a national vote in which Greeks said no to the spending cuts and tax increases demanded by its lenders...

Departments not protected by ringfencing will face total cuts of over 30 % since 2010 by the end of the coalition's eight - year austerity programme, the Institute for Fiscal Studies (IFS) said.

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.

«It will be paid for by further years of austerity, public services brought to near collapse, public sector pay cuts and a welfare cap that bites into the safety net that any of us might need.

Years of austerity, cuts and scrounger rhetoric have devastated provision.

Fred Floss, director of the union - backed think tank Fiscal Policy Institute, says Cuomo's plan to focus on property and business tax cuts, along with a commitment to continue to hold spending to less than two percent a year, would result in what his group calls a decade of austerity that could harm infrastructure and economic growth.

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).

no we didn't lose in 215 with milk centrist policies we spent the last 5 years denouncing new labour, saying we've got our party back Ed miliband when asked that he may feel the last labour government should have started cutting uicker he said no, we shouldn't of, it gave the perception that we were anti austerity

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.

David Cameron finally offered the electorate a prize for years of austerity: tax - cuts, across the board, for 30 million people.

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.

Fred Floss, director of the union backed think tank Fiscal Policy Institute, says Cuomo's plan to focus on property and business tax cuts, along with a commitment to continue to hold spending to less than 2 % a year, would result in what his group calls a «decade of austerity,» that could harm infrastructure and economic growth.

If Gov. Cuomo's signature tax cut stands, a family making $ 40,000 this year will pay the same tax rate as one that makes $ 40 million a year, forcing more and more service cuts on top of those that have already been leveled over the last three years of austerity.

But the impact of austerity measures is evident in key public sector occupations since 2011, with the majority of the real wage cuts experienced by teaching and educational professionals, social workers and nurses has happened in the past three years.

But the impact has been much more concentrated in the later years of the economic recovery, as austerity cuts bite, and education salaries actually found a safe haven in the immediate aftermath of the crash — lessening the impact we see today.»

«And the difference between a bonus and a raise is the raise has to be sustainable year over year, and we would not have been able to sustain a raise without the restoration of those austerity cuts.»

The Greek government, elected early this year on a platform of ending years of austerity imposed by Germany and other lenders, is pushing back against further pension cuts and higher taxes, saying they would further weaken an already crippled economy.

Global clean energy investment in the first quarter fell to its lowest level in four years, driven by cuts in tax incentives at a time of austerity, according to a separate report by Bloomberg New Energy Finance this week.

Legal aid lawyers maintain that the desire to cut costs, reinforced by austerity in the last eight years, has had a serious effect on access to justice — and thereby the rule of law.