balanced budgets
Revenue matches spending
Balanced budgets are spending plans where income equals or exceeds expenses, with no deficit.
Governments achieve balanced budgets when tax revenue covers all expenditures without borrowing.
The term often appears in political debate: The candidate promised balanced budgets within four years.
Critics note that strict balanced-budget requirements can limit flexibility during economic downturns.
- fiscalOf public revenue
- revenueBusiness income total
- tax revenueGovernment's collected funds
- government spendingState allocation of funds
- deficit reductionShrinking budget shortfalls
deficit hawk · sequester · public debt · surplus · in the black · fiscal responsibility · pay-as-you-go · debt ceiling · appropriations · fiscal conservatism · solvency · expenditure · reconciliation · outlays · austerity measures · financial · fiscal discipline · debt servicing
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- Canadian FinanceRBC, Bank of Canada, Scotiabank, BMO, loonie
- free marketsfree market, free enterprise, free trade, free markets, laissez-faire
- neoliberalismfree markets, deregulation, privatization, free trade, liberalization
- postwar economicsMarshall Plan, economic recovery, currency reform, Wirtschaftswunder, recovery programs
- Third WayTony Blair, Bill Clinton, New Labour, triangulation, DLC
balanced budgetsdeficit spending
Expenditures funded by debt
budget deficits · red ink · overspending · deficits · government borrowing
balanced budgetsdeficit financing
Spending exceeding tax income
pump priming · fiscal stimulus · Keynesian economics · stimulus spending · quantitative easing
balance, budget, balanced, unbalanced, imbalance, balancing, balances, budgeting, budgeted