Budgeting is a cash flow management tool.
Deferring payment is a cash flow positive action.
Besides the budget you also have a balance sheet, where debt is a liability, that is separately balanced against assets. It’s not very clear what that means for governments though, if debts exceed assets, who will reclaim a government?
But… it is?
Budgeting is a cash flow management tool. Deferring payment is a cash flow positive action.
Besides the budget you also have a balance sheet, where debt is a liability, that is separately balanced against assets. It’s not very clear what that means for governments though, if debts exceed assets, who will reclaim a government?