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Suppose you work for city budget office. The chief budget officer for the city reports to the staff that revenues are 7.3 percent below the
Suppose you work for city budget office. The chief budget officer for the city reports to the staff that revenues are 7.3 percent below the forecast level of E.L 6.8 billion for the first 5 months of the budget year. She asked for idea on what, if anything, should be done to deal with the problem. The city is legally forbidden to borrow to cover operating deficit.
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