Fiscal gap/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> the size of the increase in revenues or decease in outlays, expressed as a percent of GDP, that would be necessary to keep the national debt at or belo...) |
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Revision as of 09:27, 7 April 2009
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Fiscal gap [r]: the size of the increase in revenues or decease in outlays, expressed as a percent of GDP, that would be necessary to keep the national debt at or below its current share of GDP. (Alternatively, the national debt plus the present value of the cumulative excess of future expenditure over future revenues.)