Examlex
What is political feasibility?
Annually Balancing
The process of adjusting or reconciling financial accounts or budgets to match or balance over a one-year period.
Cyclically Balanced Budget
A fiscal strategy where the government aims to balance its budget over the complete economic cycle, accumulating surpluses in boom periods and deficits during recessions.
Budget Deficits
A financial situation where a government's expenditures surpass its revenues.
Budget Surpluses
A situation where a government's revenue exceeds its expenditures over a specific period, indicating financial health.
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