Interperiod equity refers to the concept that current-year revenues are sufficient to pay for services provided that year, so that future taxpayers will not be required to assume the burden for services previously provided.

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Interperiod equity refers to the idea that current taxpayers should pay for the services they receive rather than passing the burden onto future taxpayers. This means that current-year revenues should be sufficient to cover current-year expenses, promoting fairness and sustainability in public finances.

Interperiod Equity Refers to the Concept That Current-Year Revenues Are