Introduce a Balanced Budget Law

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Petition Action

Introduce a Balanced Budget Law

Petition Details

We call upon the Government to introduce legislation that would commit it to spending no more than the country collects in tax and non-tax revenue. There could be exceptions for extraordinary circumstances such as war.

Additional Information

There needs to be a legal ceiling placed upon the ability of the Government to borrow money that in the long term will be repaid by the citizen without any reference by the Government of the day to the ability of the country to repay it.

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