Examlex
Differentiate between client and server computers.
Annually Balanced Budget
A fiscal strategy or policy where government revenues are planned to match expenditures within a single year, aiming to prevent budget deficits.
Tax Revenues
Tax revenues refer to the income that is collected by the government from individuals and businesses, primarily through taxes such as income tax, sales tax, and property tax.
Government Spending
Government spending encompasses all the expenditures of government agencies and departments, including investments, consumption, and transfers, aimed at achieving economic and social objectives.
Cyclically Balanced Budget
A budget philosophy calling for budget deficits during recessions to be financed by budget surpluses during expansions.
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