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The parties, by agreement, may divide the risk and shift the allocation of risk.
Future Generations
Individuals or populations that will exist in the future, beyond the current members of society, whose interests are considered in long-term policy making.
Budget Deficit
A shortfall of tax revenue from government spending
Balanced Budget
A financial statement or plan where total revenues are equal to or greater than total expenses, resulting in no deficit.
Inflation Reduction
A decrease in the rate at which the general level of prices for goods and services is rising.
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