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revenues may be deferred as a result of the resources aren’t obtainable—they haven’t been received through the 12 months or quickly enough thereafter to be used to finance present-interval expenditures. If a given year’s tax payments weren’t acquired by the federal government in time to be considered out there, then the income would be deferred until the funds have been obtained. Permanent funds account for sources that cannot be expended, but have to be held in perpetuity. Generally, these resources are invested and a government might spend the

 

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