Balanced budget

From a Keynesian point of view, a balanced budget in the public sector is achieved when the government has enough fiscal discipline to be able to equate the revenues with expenditure over the business cycles. This allows for a deficit in periods of low economic prospects that however needs to be matched by a surplus in periods of high economic activity.

Related Topics:
Keynesian - Budget - Public sector - Fiscal discipline - Revenue - Expenditure - Business cycle - Deficit - Surplus

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