After its fiscal crisis in the 1990s, Sweden adopted a much more cautious approach to the public finances and set a goal of running a budgetary surplus over the economic cycle.

90年代遭遇财政危机之后，瑞典采取了更为谨慎的公共财政机制，并在设定了经济周期内取得预算盈余的目标。

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And there was a major spending reduction in the wake of the income-tax increase Clinton is famous for, with the budgetary surplus implying future tax cuts.

FORBES: Supply-Side Economics Takes Two To Tango

Fisher and I agree that the trade gap and the budget deficit are positives for stocks: the bigger the better. (Americans hold far too little debt, and anything that increases it is a plus.) He also celebrates the supply-side tax cuts, though he deems a negative for stocks the currently little noticed all-government budgetary surplus caused by the tax rate reductions.

FORBES: Magazine Article

Guillermo Perry, the World Bank's chief economist for Latin America, says Chile is better placed than any other country in the region to absorb external shocks, thanks to its well organised budgetary institutions, prudent fiscal management (a surplus every year since 1989) and tight banking supervision.

ECONOMIST: Chile