fiscal surplus
Government revenue surplus
A fiscal surplus occurs when a government's revenues exceed its expenditures over a given period, typically a fiscal year.
This is the opposite of a fiscal deficit, where spending outpaces income.
Surpluses can be used to pay down national debt, build reserve funds, or finance future projects.
The country ran a fiscal surplus for three consecutive years.
Whether surpluses are desirable depends on economic conditions—during recessions, governments often deliberately run deficits to stimulate growth.
- tax revenueGovernment's collected funds
- macroeconomicsStudy of aggregate economies
- black inkDark pigmented writing fluid
- infrastructure spendingFunding for essential systems
- public expenditureGovernment's financial outlays
deficit reduction · balanced budget · Keynesian economics · supply-side economics · rainy day fund · trade balance · economic growth · spending cuts · belt tightening · monetary policy · emergency reserves · golden goose · good times · treasury bonds · inflation control · resource allocation · cash flow analysis · expense tracking
fiscal surplusfiscal deficit
Spending exceeds revenue
budget deficit · deficit · shortfall · negative balance · budget gap
fiscal surplusinsolvency
Inability to pay debts
fiscal crisis · bankruptcy · debt crisis · financial ruin · debt spiral