Budget balance/Definition: Difference between revisions
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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, and | 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 various [[Cyclically-adjusted budget deficit| cyclical adjustments]] can be made to identify its discretionary element.. | ||
Latest revision as of 03:48, 5 February 2010
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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 various cyclical adjustments can be made to identify its discretionary element..