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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Although poorer countries still limit themselves to ad hoc welfare offerings, fitting the spending level to revenues one budget at a time, there is an increasing trend towards entitlements served by statutory institutions that will outlive the budgetary cycle.

ECONOMIST: Asian welfare states