balanced budget

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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.

balanced budget

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

balanced budget

a situation where GOVERNMENT EXPENDITURE is equal to TAXATION and other receipts. In practice, most governments run unbalanced budgets as a means of regulating the level of economic activity Where the government spends more than it receives in taxation, then a BUDGET DEFICIT is incurred. Where the government spends less than it receives in taxation, then a BUDGET SURPLUS ensues. See BUDGET, FISCAL POLICY, PUBLIC SECTOR BORROWING REQUIREMENT.
References in periodicals archive ?
It honors those who have demonstrated a commitment to fiscal responsibility and the protection of younger generations from irresponsible budget policies.
At least for the last two decades poor/weak fiscal responsibility is being practiced in Pakistan as the fiscal deficit for these two decades remained more than five percent of GDP.
The Conservative Index" rates congressmen based on their adherence to constitutional principles of limited government, to fiscal responsibility, to national sovereignty, and to a traditional foreign policy of avoiding foreign entanglements.
Upper management is most successful with full delegation of fiscal responsibility when the caregivers know the people they work for, and feel comfortable in discussing with them the fiscal realities of the workplace.
This legislation was an important first step forward fiscal responsibility on the part of the federal government.
The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) increased estimated tax payments for corporations from 80 to 90 percent of the current year's tax liability.
The PICPA's Fiscal Responsibility Task Force, using that experience, has created a guide to assist lawmakers manage the state's finances.
WASHINGTON, March 23, 2011 /PRNewswire/ -- Today, the Comeback America Initiative (CAI), a non-partisan organization dedicated to fostering a national discussion around fiscal challenges and solutions, in partnership with Master's students from Stanford University's Public Policy and International Studies Programs, announced the findings of its Sovereign Fiscal Responsibility Index (SFRI), a new fiscal indicator that incorporates a wide range of fiscal, economic and political factors into ranking a country's fiscal responsibility and sustainability.
This is strictly a matter of fiscal responsibility and letting the general managers tell us how they plan to run their departments,'' Fujioka said.
The New York Building Congress this week reiterated its call for a 'No' vote on a plan to amend the state constitution and transfer fiscal responsibility from the governor to the legislature.
Fiscal responsibility is essential, and Chile has a long history of this.
If you told me when I was in college that the Democrats would be the party of fiscal responsibility, I would have thought it crazy.