Focus on Balancing the Budget

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The purpose of this paper is to examine the concept of a balanced budget and to provide some practical suggestions for achieving it. It is not anticipated that this will be the last word on the subject but rather that it will be a target piece to better focus discussion of this critical issue. In order to limit the scope of the paper, only the Canadian federal budget is examined. However, the principles and analysis could be applied equally well to provincial or municipal finances.

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