Sentence examples for cut the surplus from inspiring English sources

A lower than expected total would cut the surplus in 2020 by £4.5bn, which is less than the £10.2bn surplus expected under the current plans.

Within months of the cut, the surplus was gone.

Now, with the nation mired in a full-scale recession, the first in a decade, and President Bush having gotten his $1.35 trillion tax cut, the surplus has turned into an almost-certain deficit for the next few years.

He said that without a tax cut the surplus might be so big that it would force the government to begin buying stocks and bonds on Wall Street in as little as five years, a development he said would be harmful to the free enterprise system.

"It would take exceptionally pessimistic economic assumptions relative to the current consensus to cut the surpluses by much over the next few years," Mr. Youngdahl said.

The payment day was changed because, at the time, officials were worried that with the tax cut the budget surplus for 2002 would not be large enough to cover government spending without dipping into the Social Security surplus.

A shortfall of the scale estimated by Mr. Dudley would therefore cut the available surplus next year by at least half.

Given this possibility, Varoufakis may have believed he was making other EU finance ministers a generous offer by proposing to cut the primary surplus from 4% to 1% of GDP, rather than all the way to zero.

Members narrowly voted against a so-called "backloading" proposal that would have cut the huge surplus of allowances currently being traded.

Those tax rebates could cut into the surplus.

Nancy Wyman, the state comptroller, warned that higher energy prices and higher interest rates could cut into the surplus.