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Keywords: Subnational deficits
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Journal Articles
Do balanced budget practices of U.S. states make sense? Alternatives from the Eurozone
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Journal of Public Budgeting, Accounting & Financial Management (2024) 36 (2): 217–233.
Published: 14 February 2024
.... Debt Fiscal rules Deficits Balanced budgets Subnational deficits U.S. state budgeting Like in Canada, the federal government in the U.S. transfers substantial revenues to the states (e.g. in FY2019, prior to COVID, intergovernmental transfers constituted 28% of total state revenue) [7...
