What is cyclical budget balance, Financial Accounting

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What is cyclical budget balance

Problem

Following are three questions related to cyclical budget balance:

a) What is cyclical budget balance?
b) Why can the management of cyclical budget balance affect future structural budget balance and annual budget balance?
c) What is the most effective fiscal tool to manage cyclical budget balance, and why is that the case?

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Financial Accounting: What is cyclical budget balance

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Financial Accounting: What is cyclical budget balance

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