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Mamdani balanced the NYC budget
(thelemmy.club)
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this post was submitted on 12 May 2026
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But... it is?
Budgeting is a cash flow management tool. Deferring payment is a cash flow positive action.
Besides the budget you also have a balance sheet, where debt is a liability, that is separately balanced against assets. It's not very clear what that means for governments though, if debts exceed assets, who will reclaim a government?