Budget balance/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> the difference between a central government's revenue and its expenditure in a given financial year. Conventions differ concerning the items that are i...) |
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the difference between a central government's revenue and its expenditure in a given financial year. Conventions differ concerning the items that are included | the difference between a central government's revenue and its expenditure in a given financial year. Conventions differ concerning the items that are included, and differing adjustments are made to identify its discretionary element (eg: see ''cyclically-adjusted deficit''). | ||
Revision as of 10:10, 19 March 2009
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Budget balance [r]: the difference between a central government's revenue and its expenditure in a given financial year. Conventions differ concerning the items that are included, and differing adjustments are made to identify its discretionary element (eg: see cyclically-adjusted deficit).