balanced budget

The draft law on the state budget for next year does not confirm initial expectations. The government has once again accumulated surpluses this year and although the budget balance at the end of 2016 is equal to zero, a balanced budget will not be a fact next year. Instead of trying to utilize its current revenues and preserve …

For those familiar with the nature and history of major political movements in the US and UK, it is clear that one of the main elements of what is considered the “right” is the so-called fiscal conservatism. The idea that the state apparatus should (at a minimum) spend as much as it can collect through the tax system, and …

Janet Nielsen Canada was once a laughing stock when it came to economic freedom. A Wall Street Journal article in the mid-1990s called the country an “honorary member of the Third World” because of its out-of-control debt and government spending. But today, the same country leads the G8 in economic indicators, and …