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E-12.00002 - Balanced Budget Act

Section 2
Disposition versions

Full text
2. The Government may not anticipate a budget deficit, except in the circumstances provided for in sections 5 and 8.
The Government incurs a budget deficit if it has a negative budget balance.
The first paragraph does not, however, operate to prevent an unanticipated budget deficit from being recognized in the public accounts for a fiscal year, to the extent that it does not exceed the revenue recorded in the Generations Fund for that year.
2023, c. 30, s. 29.
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