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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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Fiscal Responsibility Bill: Commits the Government to halving the Budget deficit - heading for a record pounds 175bn in the current fiscal year - within four years. The gloomy figures come a day after the Government unveiled a Fiscal Responsibility Bill - putting plans to Americans with any shred of fiscal responsibility should howl in protest. |
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