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primary fiscal surplus

Page history last edited by Brian D Butler 11 years, 9 months ago

 

primary fiscal surplus

 

the difference between revenue and spending before debt payments

 

In the news:

 

11/5/08:  "On October 30th Paulo Bernardo, the planning minister, confirmed that the government has reduced its target for the primary fiscal surplus for 2009 from 4.3% to 3.8% of GDP. He said this was in order to maintain spending on infrastructure projects. But the change is unlikely to be sufficient for this purpose, particularly given that many of the government's plans depend on private investors being able to raise credit." source

 

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