German cabinet ministers on Wednesday agreed to stick to plans for a balanced budget
over the next four years.
"Quebec's return to balanced budgets
should allow for some relief to the health and education sectors in the province, which we have noted have seen funding challenges in recent years," noted Michael Yake, Moody's Vice President.
first balanced budget
in 46 years in 2015, dpa reported.
S&P believes that the upcoming legislative and gubernatorial elections could forestall progress on the adoption and implementation of a meaningful solution to the commonwealth's unfunded pension and retirement obligations, which could further complicate the achievement of structurally balanced budgets
* the morality of balanced budgets
, and the impact of current
On the one hand, for many years I have been extremely concerned about our national debt and our national leaders' inability to even approach a balanced budget
. As a country, we simply cannot continue to push this ever-increasing debt balloon out onto our children and grandchildren.
Historically, fiscal conservatives have sought restraint from a line item veto or balanced budget
amendment (BBA) to the Constitution.
While the new law did not mandate a balanced budget
, reformers assumed that centralized authority in the executive branch would increase the probability that this would occur.
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
Not only was it the first balanced budget
in 22 years, but the budget document included draft legislation that would require the Government to continue running balanced budgets
, pay down the general purpose debt, and obtain voter approval before increasing the rates of major taxes.
Therefore, even without explicit laws, the manifest intention of officials is to balance state and local budgets according to the terms and definition described above, and the primary motivation for balanced budgets
is not the formal requirement but rather "tradition, practice, and public expectation."(2) Wyoming is a case in point: Although the state is not legally required by constitution or statutory provision to balance its budget, the expectation is so strong that it is considered to have the requirement in practice.
In a dramatic change from tradition, Ontario's hospitals are now being told to prepare balanced budgets
. And they will be rewarded for their operating efficiency.
To be sure, the symptom tends to magnify the malaise, but nothing much will happen to rebuild America if balanced budgets
are passed in the absence of more radical remedies.