Economic Forecast Council definition

Economic Forecast Council means the Economic Forecast Council appointed under s. 4 of the Budget Transparency and Accountability Act, [S.B.C. 2000] c. 23;
Sample 1Sample 2Sample 3
Economic Forecast Council means the Economic Forecast Council appointed under s.4 of the Budget Transparency and Accountability Act, [S.B.C. 2000] c.23;
Sample 1Sample 2Sample 3

Examples of Economic Forecast Council in a sentence

  • Employees will receive a general wage increase (GWI) equal to one-half (1/2) of any percentage gain in real GDP above the forecast of the Economic Forecast Council for the relevant calendar year.

  • Appellant also points out that of the approximate $100 million contract value, labor costs represent only approximately $5 million.

  • The Economic Forecast Council (EFC) estimates that B.C. real GDP expanded by 5.1 per cent in 2021 and expects growth of 4.2 per cent in 2022 and 2.7 per cent in 2023.

  • Accordingly, the economic projections assumed in Budget 2013 are more prudent relative to the average of the forecasts provided by the Economic Forecast Council.

  • Employees will receive a general wage increase (GWI) equal to one-half (½) of any percentage gain in real GDP above the forecast of the Economic Forecast Council for the relevant calendar year.

  • For example, the collective agreement year for a collective agreement that commences on April 1, 2014 is April 1, 2014 to March 31, 2015 and each period from April 1 to March 31 for the term of the collective agreement.―Economic Forecast Council‖ means the Economic Forecast Council appointed under s.

  • This economic weakness will likely continue well into next year.• The Economic Forecast Council was surveyed in July to provide a current benchmark for the BC outlook.

  • Source: Average of a subset of the Economic Forecast Council that regularly forecasts economic performance in all provinces (BMO, CIBC, National Bank, RBC, Scotiabank and TD) as of August 28, 2020.

  • In the IEA’s APS, natural gas demand remains nearly level with 2020, sitting at 3182 mtoe in 2050.

  • A critical factor in the ministry’s ability to achieve its goals and objectives is the state of the province’s economy.The BC economy grew 3.9 per cent in 2004, faster than the 2.9 per cent forecast at the time of last year’s budget by the province’s independent Economic Forecast Council.

Related to Economic Forecast Council

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Business Plan means the information required to be supplied to the

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Forecast shall have the meaning set forth in Section 4.2(a).

  • Academic Council means the Academic Council of the University;

  • EU GDPR means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC.

  • Nominated Energy Efficiency Value means the amount of load reduction that an Energy Efficiency Resource commits to provide through installation of more efficient devices or equipment or implementation of more efficient processes or systems.

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • regional council means a regional council established under section 2 of the Regional Councils Act, 1992 (Act 22 of 1992);

  • Regulatory Oversight Committee means the committee of the Board constituted in accordance with Rule 204.

  • Marketing Plan means a plan or system concerning a material aspect of conducting business. Indicia of a marketing plan include any of the following:

  • Academy Financial Year means the year from 1st September to 31st August or such other period as the Secretary of State may from time to time specify by notice in writing to the Academy Trust;

  • GDPR means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation).

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • City Council means the City Council of the City.

  • Governing Council means the Governing Council referred to in section 4;