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 ?
The Fiscal Responsibility and Debt Limitation impose a contractual obligation to keep the public debt below 60 percent of the total size of national economy and its revenues.
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.
Fiscal responsibility and budget hawkism were conservative keystones, but the neo-cons' "what, me worry?
To do so would represent an abrogation of fiscal responsibility on the part of management and an inappropriate assumption of that responsibility by the public accounting firms.
The paper finds that state fiscal responsibility has served a redistributive function and higher levels of state funding are significantly related to a narrower gap between rich and poor districts, even when using a set of control variables.
CPAs could be spokespeople for more fiscal responsibility.
But we can only achieve that; freedom by encouraging every African American--and especially; young people--to commit to wealth building and fiscal responsibility.
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.