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Balanced Budget |
Also found in: Wikipedia | 0.01 sec. |
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Balanced budget A budget in which the income equals expenditure. See: budget.
Balanced Budget A budget in which revenues equal or exceed expenditures. A balanced budget is thought to be positive for a company, as it means that the company is not taking on any (additional) debt in order to conduct its operations; if revenues exceed expenditures, it results in a profit. Balanced budgets may be recognized after a fiscal year is complete, or they may be projected for an upcoming year. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The end result would be a political dynamic that strongly favors balanced budgets and a quick end to deficit spending that otherwise would be necessary in times of military conflict, economic recession, or other national emergency. Maybe balanced budgets are desirable only to voters in the abstract. |
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