It doesn't specifically outlaw a deficit, but it is meant not to be procyclical. It focuses on the bottom line and the budgetary balance, but in order to avoid any procyclicality in terms of fiscal—
Senior Chief, Fiscal Policy Division, Economic and Fiscal Policy Branch, Department of Finance
It doesn't specifically outlaw a deficit, but it is meant not to be procyclical. It focuses on the bottom line and the budgetary balance, but in order to avoid any procyclicality in terms of fiscal—
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