Approaches to the PSBR

John Odling-Smee and Chris Riley

National Institute Economic Review, 1985, vol. 113, 65-80

Abstract: Most economists would doubtless reject the idea that policy makers or the public should judge budgets solely in terms of a single summary concept, surplus or deficit. Yet there is an undoubted demand for a single statistic which provides at least a rough-and-ready summary of the fiscal position. The attempt to specify such a single statistic has given rise to controversy for many years.

Date: 1985
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