Cyclically-adjusted budget deficit/Definition: Difference between revisions
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The [[budget deficit]], excluding the effects upon [[public expenditure]] and receipts from [[taxation]] of departures from the trend growth of output (see [[automatic stabilisers]]). | |||
Latest revision as of 06:18, 23 March 2010
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Cyclically-adjusted budget deficit [r]: The budget deficit, excluding the effects upon public expenditure and receipts from taxation of departures from the trend growth of output (see automatic stabilisers).