Prudent fiscal management recognizes the close relationship between the budget balance and changes in the public debt.

Name: Prudent fiscal management recognizes the close relationship between the budget balance and changes in the public debt.
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Question

Quizplus · Accepted Answer

Prudent fiscal management involves understanding that the budget balance (surplus or deficit) directly affects changes in the public debt, as deficits lead to borrowing and an increase in debt, while surpluses can be used to pay down existing debt.

Prudent Fiscal Management Recognizes the Close Relationship Between the Budget