balanced budget
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Related to balanced budget: Balanced Budget Multiplier
Balanced budget
A budget in which the income equals expenditure. See: budget.
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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