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Why is important that government budgets accurately

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Reference no: EM132560404

A Timely topic considering the impact of the pandemic crisis. Governments at all levels must submit budgets; most are required to submit balanced budgets where revenues cover anticipated expenses. But, estimating government revenues can be as difficult or even more difficult than estimating company revenue.

Question 1: Why is it important that government budgets accurately estimate future revenues during economic downturns?

Reference no: EM132560404

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