Financial crises in government are often characterized by revenue shortage. Cutting spending is the first thing that

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Financial crises in government are often characterized by revenue shortage. Cutting spending is the first thing that comes to mind in many governments during crises.

Estimating spending cuts and their impact can be part of an FCA. Use examples in government to discuss situations in which spending cuts are proposed or implemented and, importantly, the financial impact of the cuts is estimated.

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