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Fiscal Balance
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| - | The balance of a government's tax revenues, plus any proceeds of asset [[Sales|sales]], minus government spending. If the balance is positive the government has a fiscal [[Surplus|surplus]], if negative there is a fiscal [[Deficit|deficit]]. | + | The balance of a government's tax revenues, plus any proceeds from asset sales, minus government spending. If the balance is positive the government has a fiscal [[Surplus|surplus]], if negative a fiscal deficit. |
Revision as of 13:45, 9 July 2009
The balance of a government's tax revenues, plus any proceeds from asset sales, minus government spending. If the balance is positive the government has a fiscal surplus, if negative a fiscal deficit.