Exact(4)
In Washington it is a bagatelle: about what the feds spend in three days, or less than 2% of the predicted budget deficit for this year.
The state comptroller's office now estimates the state's current deficit at a record-setting $1.1 billion, and the predicted budget gap for the next two fiscal years has soared beyond $8 billion.
In time they will be reminded about the state of the economy and the predicted budget surplus.
The predicted budget gap, the gap between projected spending and revenue, for 2010-2010 is $315 million.
Similar(56)
Greenspan reminded lawmakers that government economists at the time predicted budget surpluses "as far as the eye can see". Yet Greenspan had warned then in congressional testimony that the forecasts might be wrong, and he recommended some "trigger" mechanism that would limit the tax cuts if certain budget targets were not met.
That's enough money to cover the EU's predicted budget shortfall for 2013.
How do Republicans propose a $4 billion tax increase?' " Only a handful of legislatures are considering major increases to broad-based taxes, like those on sales or income, even though two-thirds of the states are predicting budget gaps in 2005, according to the National Conference of State Legislatures.
Surely a government with the capacity to predict budget surpluses over a period of years has the ability to predict an increase in phone inquiries over a few months.
For example, using the parsimonious model (model 5) to set a target allocation, we would expect about a third of all practices to incur costs more than 10% above or below the predicted level in the budget year.
The Committee for a Responsible Federal Budget predicts the budget deficit this fiscal year will hit almost $900 billion.
Representative Jessica Farrar of Houston, leader of the House Democrats, predicted the budget cutting would create a "fiscal disaster" that even conservative activists would not like.
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