On the state of budgetary balance over time via the one-way classification model

This paper conducts a study on the state of budgetary balance over time in an economy. The planned revenues and expected expenditures contained in the budget statements over the years are used as economic instruments for the study. The one-way classification model in statistical theory is used as the theoretical underpinning to describe the budget equation. The economic implications of the signs of the fixed effects in the model are stated