balanced budget

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Related to Balanced budgets: Fiscal responsibility

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 ?
But Merkel's drive for Germany's first balanced budget since 1969 has
institutions and politicians if balanced budgets are achieved.
decade's experience with attempts to mandate balanced budgets by
When we proposed this tax relief, the Clinton-Gore administration and Democrat congressional leaders claimed these cuts would cost us revenue and make it harder to achieve a balanced budget.
Despite the high interest rates in the late 1980s and early 1990s, and the severe national recession, continued attention to prudent spending management left Manitoba positioned to achieve the objective of a balanced budget in 1995/96.
Ron Snel, State Balanced Budget Requirements: Provisions and Practice, National Conference of State Legislatures, forthcoming.
The relevance of the 1932 experience to today's ongoing debate over the Balanced Budget Amendment goes beyond the obvious point that it is foolish to raise tax rates during a depression.
Hardly anyone except a few old-guard Republicans believes that a balanced budget amendment will ever reduce the deficit, and what with the long ratification procedure in the states, it couldn't possibly go into effect until the end of this century, by which time horrors as yet unimagined will surely replace the deficit as something to worry about.
If those targets are not met, the province's balanced budget legislation will require the shortfall to be made up within the following two fiscal years.
For his part, by declaring in December 1995 that he would seek a balanced budget by 2002, Clinton was able to inoculate himself against accusations of being a big spender.
In the 103rd Congress, a balanced budget constitutional amendment