Golden Rule — Budget Comment

Sri Lankas 2004 budget is again breaking the lquote golden rule of budgeting, but its ambitious deficit target of 6.8 percent is more in line with the countrys sustainable deficit level.
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Therngolden rule of budgeting is actually simple common sense.rn

Itrnsays that the governments revenue (taxes and so on) should cover itsrnday-to-day expenses. rn

Ideally,rnany right thinking treasury should run a current