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Balanced Budget
(redirected from Fiscal discipline)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
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.

balanced budget
A budget in which the expenditures incurred during a given period are matched by revenues.


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But the fiscal discipline in this year's 2010 budget will give a breathing space," Salem said.
But he said the government should pursue fiscal discipline at the same time.
Among the factors they discuss are aggregate fiscal discipline, independent oversight, and drivers and results of reform.
 
 
 
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