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Pay-As-You-Go |
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Pay-As-You-Go The practice of a government agency funding new projects with money it has on hand from previous appropriations. That is, pay-as-you-go financing requires a government to save to pay for a project for which it does not receive a specific appropriation. The intent behind pay-as-you-go is to encourage responsible spending by a government. This is related to, but distinct from, paygo rules in the United States. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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