See L5 - Budget Stance & Balance

Components of the Budget §

The components of the budget are portions of the entire budget, fuck the budget im gonan do this later#review

that actual budget, causing it to deviate from the planned budget that is set in may.

Cyclical Component §

The Component of the budge related to Automatic Stabilisers. This changes along the cycle of The Business Cycle.

Structural Component §

The component of the government budget related to Discretionary Fiscal Policy. This is delibertely changed by the government in response to fundamental changes in the economy, such as an aging population.

• This is what differentiates Expansionary from Contractionary Fiscal Policy