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The Real Federal Budget Imbalance *
Author(s) -
MAKIN TONY
Publication year - 1990
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1990.tb01726.x
Subject(s) - federal budget , debt , economics , deficit spending , macroeconomics , monetary economics , public economics , finance , fiscal year
Using the link between nominal budget imbalances and changes in the public debt, this paper discusses the rationale and provides estimates of the real Federal budget imbalance which, over the past decade, was in surplus more often than indicated by actual outcomes.