balanced budget

(redirected from Fiscal responsibility)
Also found in: Dictionary, Thesaurus.

Balanced budget

A budget in which the income equals expenditure. See: budget.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

balanced budget

A budget in which the expenditures incurred during a given period are matched by revenues.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The members of the Presidential Fiscal Responsibility Advisory Council include Dr Paul Acquah, Chairman, Mr.
The secretary finance told the chief minister that his team was examining the existing rules and would suggest necessary legislation to launch MFF and fiscal responsibility and debt management.
The Lehigh Valley Tea Party) is an Allentown PA based non-profit organization that promotes the Constitutional values of individual rights, limited government and fiscal responsibility at the local, state and national levels.
Specifically, Lamu will get an additional Sh1.2 billion from the fiscal responsibility parameter alone, the chairperson said.Dr Kiringai was speaking at the third County Revenue Enhancement and Automation Conference in Kwale.
"Texans for Fiscal Responsibility endorses candidates who have a demonstrated commitment to fiscal conservatism and limited government," said Cary Cheshire, vice-president of Texans for Fiscal Responsibility, in a statement to The Texas Tribune.
Scott DeWitt and Nick Dilley review the Understanding Fiscal Responsibility Lesson Materials, which are available online from The Council for Economic Education (Understanding Fiscal Responsibility Project Team, 2015).
The tax audit inefficiency has existed because of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA).
Turning Point is a nonprofit group that trains and organizes students to promote fiscal responsibility, free markets, and limited government.
AN SNP election candidate got into a muddle when she tried to explain her party's key policy of full fiscal responsibility at a hustings meeting.
The annual campaign highlights the importance of working with youth to ensure they learn fiscal responsibility. S&T Bank employees visited local schools to discuss the importance of fiscal responsibility with current students.
Just consider the basics of good management and fiscal responsibility. Please join me in voting for the Baker-Polito ticket on Nov.
The 14 chapters examine fiscal responsibility laws, numerical fiscal rules, fiscal risk management, performance information, government reporting on fiscal position, public investment, and accrual budgeting.