【hard_budget_constraint】什么意思_英语hard_budget_constraint的翻译_音标_读音_用法_例句_在线翻译

hard budget constraint

硬预算约束

Schmidt看来，私有化是向代理人承诺了一个“硬预算约束”（hard budget constraint），在企业经营状况不好时，私有制企业只能减少产量，损害社会福利。这也就是私有化带来生产效率改善时，所伴随的成本。

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经济学

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Under this hard budget constraint, the rest of the government would have to live on whatever revenues are left over after debt service and Social Security benefits are paid unless Congress is willing to vote for more new borrowing, by super-majority vote if it wants to increase the debt more than the economy is growing.

FORBES: In Passing The Most Recent Budget, Congress And The President Lied
If Congress imposes a hard budget constraint on itself by refusing to raise the debt ceiling and establishes Social Security and interest on the debt as priority must-pays out of revenues before any other programs may be funded, it would require total other, non-priority spending to be reduced not quite one-third on average during the next ten years.

FORBES: Enough Is Enough On Raising The Federal Debt Limit

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