Impact of the financial-budgetary balance on the economy
Impact of the financial-budgetary balance on the economy

Summary/Abstract: The state budget is, after all, an accounting document. An early form of it shows the predicted public revenues and expenditure during the subsequent financial exercise. The true dimension of the budget appears, however, after implementing the fiscal policy of the government in order to answer the necessities required by the economic growth or shrinkage, as determined by the domestic or foreign circumstances. Question is: how important is it to maintain a balanced public budget? The opinions on this matter are increasingly divergent.

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