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Debt would gradually fall through limits set on annual net primary expenditure - spending that excludes one-off revenues, interest or outlays on cyclical unemployment - which the government has under direct control.

Cyclical unemployment happens because the economy goes through periodic cycles of booms and busts.

In a recession most unemployment is considered cyclical unemployment.

Cyclical unemployment is the result of an economic downturn.

Joblessness that results from a downturn in the business cycle is called cyclical unemployment.