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INST 275 – Administrative Processes in Government - page 5 / 34

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Balanced Budgets

A balanced budget is a budget in which receipts are equal to or greater than outlays.

A government that has one is financially healthy.

There are advantages to an unbalanced budget.

Extra spending can stimulate the economy.

But large deficits can devalue the currency, kindle inflation and crowd out capital markets.

All states have balanced budget requirements.  The federal government does not.

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