In general, governments attempt to prepare balanced budgets. But countries’ specific economic conditions often lead to politicians to prepare budgets with deficits. However, if the economic policies can not be sustained, economic crisis become unavoidable. There is a causal relationship...

Establishing the relationship between public revenues and expenditures represents a debated issue among economists. The correlation between the two variables is significant for identifying and explaining public budget inbalance and for assessing sustainability of fiscal and budgetary policies....