Budget balance/Definition

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< Budget balance
Revision as of 09:13, 19 March 2009 by 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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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 (eg: see Maastricht deficit), and differing adjustments are made to identify its discretionary element (eg: see cyclically-adjusted deficit).