The Different Fiscal Balances

Joaquim Miranda Sarmento
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Joaquim Miranda Sarmento: University of Lisbon

Chapter Chapter 9 in Public Finance and National Accounts in the European Context, 2018, pp 119-122 from Springer

Abstract: Abstract Fiscal balance refers to the deficit or surplus in the National Accounts. It provides the net increase/reduction in the public debt (without financial operations). Based on the fiscal balance, it is possible to calculate the primary and the current balance. The difference between revenue and expenditure, which is equivalent to the surplus/deficit, is net lending/net borrowing (B.9).

Date: 2018
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DOI: 10.1007/978-3-030-05174-7_9

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