first balanced budget in 46 years in 2015, dpa reported.
But Merkel's drive for Germany's first balanced budget since 1969 has
Ongoing global uncertainty and recent examples from around the world of the consequences of ongoing and growing deficits make it even more important for Canada to remain focused on balanced budgets
, said Minister Flaherty.
The end result would be a political dynamic that strongly favors balanced budgets and a quick end to deficit spending that otherwise would be necessary in times of military conflict, economic recession, or other national emergency.
Historically, fiscal conservatives have sought restraint from a line item veto or balanced budget amendment (BBA) to the Constitution.
One of JFK's first acts was to press for large tax cuts that led to the economic boom of the 1960s and gave us our last balanced budget (Fiscal Year 1968) until FY 1999.
When we proposed this tax relief, the Clinton-Gore administration and Democrat congressional leaders claimed these cuts would cost us revenue and make it harder to achieve a balanced budget.
He does not believe either balanced budgets
or deficits are cure-alls, although in the current debate his thinking would incline him most against those who urge a balanced budget
Manitoba's balanced budget law, as it is commonly known, has been well-received.
Despite the high interest rates in the late 1980s and early 1990s, and the severe national recession, continued attention to prudent spending management left Manitoba positioned to achieve the objective of a balanced budget in 1995/96.
Generally, the governor must submit a balanced budget
or the legislature must enact one.
The Treasury Department promised that the revenue gained from hiking tax rates would result in a balanced budget
According to Ontario Hospital Association president Dennis Timbrell, hospitals have responded well to the ministry's request for balanced budgets
This enabled the government to provide some additional tax relief to Nova Scotians, reverse the 3% wage rollback implemented in 1994 for public sector unions, and also channel additional funding into high priority areas like health care, without jeopardizing the balanced budget
For his part, by declaring in December 1995 that he would seek a balanced budget
by 2002, Clinton was able to inoculate himself against accusations of being a big spender.