Sentences with phrase «balanced over an economic cycle»

Borrowings, within certain limits, are allowed for capital spending (strictly defined) while spending on current goods and services must be balanced over the economic cycle.

Will the budget need to be balanced over an economic cycle?

Not exact matches

His stated aim was to «maintain stability» and he forecast the current balance of minus # 8 billion would return to a surplus of # 4 billion in 2010, rising to # 18 billion by 2012/13, thus enabling him to meet the Golden Rule and balance the books over the economic cycle.