samarth7456 samarth7456
  • 01-12-2017
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The cyclically balanced budget is important because it

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Greenleafable
Greenleafable Greenleafable
  • 11-12-2017
It is important because it does not balance on a yearly basis, but rather on economy cycles. This means that budget deficits and surpluses are accounted for in the budget according to what economic cycle the country is in. That's why the definition of surplus and deficit changes depending on how successful the economy is.
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