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Full-Text Articles in Social and Behavioral Sciences
Rozlyn Coleman, " Confronting Budget Deficits" Imf Economic Issues No. 3, 2000: A Review., Newman C. Oputa
Rozlyn Coleman, " Confronting Budget Deficits" Imf Economic Issues No. 3, 2000: A Review., Newman C. Oputa
Economic and Financial Review
The document is based on the fiscal operations of major industrial countries and presents a major concern that it is not the size of the budget as a ratio of the gross domestic product (GDP) that matters, but the persistence of budgetary shortfalls during long periods of peace, when governments traditionally offset their debts and save for the future.