budget balance
Revenue matches spending
Budget balance is the difference between a government's revenues and expenditures over a given period.
A positive balance (surplus) means revenues exceed spending; a negative balance (deficit) means the opposite.
The country achieved budget balance for the first time in a decade.
Economists debate whether governments should aim for budget balance or accept deficits during recessions.
- ledgerFinancial record book
- in the blackOperating at profit
- billAmount owed, written
- tax revenueGovernment's collected funds
- cashReady spending funds
savings plan · rainy day fund · reconciliation · fiscal year · government spending · national debt · austerity measures · spending cuts · tax hike · fiscal responsibility · cash flow statement · bottom line · tally · receipt · expense tracking · double-entry bookkeeping · profit and loss statement · checkbook
budget balancebudget deficit
Spending exceeding revenue
deficit · fiscal deficit · deficit spending · budget shortfall · shortfall
budget balanceprofligacy
Reckless, wasteful extravagance
spending spree · budget overrun · financial instability · insolvency · bankruptcy
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