2.2k views
18 votes
If the government of Balancia runs a deficit of $50 million per year in Year 1 and in Year 2 due to its recession, but then has a $100 million surplus in Year 3 due to strong economic recovery, Balancia is likely following which type of rule?

Functional finance

Cyclically balanced budget

Biannually balanced budget

Annually balanced budget

User Geneowak
by
8.5k points

1 Answer

6 votes
Balancia is likely following the cyclically balanced budget
User Caspar Harmer
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.