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Related to surplus: Surplus funds

Federal deficit (surplus)

When federal government expenditures are exceeded by (are less than) federal government revenue.


The amount by which the revenue of a government from taxes, tariffs and other sources exceeds its expenditures. A surplus means that the budget is likely healthy, at least in the short-term, and in any case the government does not have to resort to borrowing. Some economists believe that a budget surplus or deficit has only minor importance, while others believe that it is very important to maintain a surplus if at all possible. Most U.S. states are required to maintain either a surplus or a balanced budget, while the federal government is not. See also: Federal deficit.


1. Equity in excess of par value. Surplus includes additional paid-in capital and retained earnings.
References in periodicals archive ?
Reflecting a recent downtrend in crude oil prices and the weakness of the yen against other currencies, the trade surplus is likely to expand this year because growth in exports is expected to outpace that in imports, Aida said.
That raised China's total surplus for the first 10 months of the year to $133.
Investment recovery (IR) professionals are charged with the challenging responsibility of managing the rocky landscape of surplus assets to maximize value and reduce risk and liability for the company disposing of these assets.
Rice, chairman of Aon Risk Services, surplus lines insurance is subject to varying and often contradictory state rules governing such areas as producer licensing, due-diligence procedures, and premium tax payments.
Northern Ontario does not have a surplus of skilled designers and craft people.
The tax is comprised of two parts: the capital tax and the earned surplus tax.
The aggregate pension deficit for the 100 plans decreased by $43 billion, regaining 12 percent of the $371 billion in surplus assets lost over the previous three years.
According to the explanatory notes, the proposals were intended to prevent taxpayers from utilizing internal reorganizations to create additional surplus or an increase in the tax basis of shares in circumstances in which the shares transferred would continue to be part of the group and thus continue to have surplus balances in respect of the taxpayer or a non-arm's-length party.
engagement on global small arms efforts grew during the late 1990s, interest in concrete measures to mitigate their harmful effects turned to the issue of eliminating recirculating and surplus stocks in areas of concern.
The balance of trade in goods and services registered a surplus of 583.
The most recent projections from the Office of Management and Budget (OMB) and CBO indicate that, if current policies remain in place, the total unified surplus will reach about $800 billion in fiscal year 2010, including an on-budget surplus of almost $500 billion.
Hence the title of the featured paper, written by CBPP Executive Director Robert Greenstein: "Can The New Surplus Projections Accommodate a Large Tax Cut?