A budget for which expenditures are equal to income. Sometimes a budget for...
The Montana Constitution requires the Legislature to adopt a budget for the next two years where the appropriations do not exceed the anticipated revenues. The federal government is not constitutionally required to have a balanced budget, which is why the nation has a federal debt.
balanced budget occurs when total expenditures are equal to total revenues. A balanced budget sometimes also refers to when total spending is less than total revenues, which is technically a surplus.
budget in which the income equals expenditure. See: budget.
Occurs when planned expenditures equal anticipated revenues. In North Carolina, it is a requirement that the budget submitted to the Town Council be balanced.
A government budget surplus that is zero, thus with net tax revenue equalling expenditure. A balanced budget change in policy or behavior is one in which a component of the government budget, usually taxes, is adjusted as necessary to maintain a balanced budget.
A budget in which income and spending are equal.
A budget in which estimated expenditures equal actual and estimated revenues and surplus. The Pennsylvania Constitution requires the Governor to submit a balanced budget and prohibits the General Assembly from appropriating monies in excess of actual and estimated revenues and surplus.
a budget is balanced when current expenditures are equal to receipts
a budget that synchronizes the projected inflow of cash with the projected outflow of cash
A government budget that is neither surplus or deficit.
When a government's total revenues (money that it takes in) equals its total outlays (spending) in a fiscal year. Some state governments, but not the federal government are required to have balanced budgets.
The Union Budget is in balance when current receipts are equal to current expenditure. That means taxes on income and expenditure are sufficient to meet payments for goods and services and interest on the national debt. A balanced budget is, however, not an ideal one because, as economist John Maynard Keynes showed, budget surpluses and deficits can be used to stimulate or regulate the economy, by affecting the levels of demand and prices.
A budget in which receipts are equal to or greater than outlays.
The situation in a government's budget where its expenditure matches revenue. Also known as a neutral budget.
a budget in which planned expenditure on goods and services and debt income can be met by current income from taxation and other central government receipts.
A balanced budget is a government budget in which tax revenues and expenditures are equal.
A balanced budget occurs when total revenues equal total outlays for a fiscal year.
A balanced budget is when the government's revenue is equal to what it spends on programs and interest payments on the debt.
Situation where a government's revenue is equal to its spending, so it has no need to borrow or lend.
is a budget where receipts are equal to current expenditure. That means that taxes on income and expenditure etc are sufficient to meet payments for goods and services, interest on the national debt etc. A balanced budget is, however, not necessarily an ideal one - economist John Maynard Keynes has shown how budget surpluses and deficits can be used to stimulate or regulate the economy, by affecting the levels of demand and prices.
a budget in which income and expenses are equal
A budget in which receipts equal or exceed outlays. 2
The equalization of revenuesa and expenditures over a period of time
This refers to government expenditures and arises when a government spends as much money as they take in from taxation.
After the government takes enough to balance the budget, the citizen has to budget the balance.
A budget in which current expenses do not exceed current income.
A balanced budget arises when the government receives the same amount of money from taxation as it is spending. Classical economists argued that this should always be the aim of government policy. Keynesians on the other hand said that in times of low economic activity the government should run a deficit (spending more than its revenue) to boost the economy and when the economy was booming they could run a surplus (spending less than revenue). In this way they could balance the budget in the long-run.
From a Keynesian point of view, a balanced budget in the public sector is achieved when the government has enough fiscal discipline to be able to equate the revenues with expenditure over the business cycles. In other words, a government's budget is balanced if its income is equal to its expenditure. This allows for a deficit in periods of low economic prospects that however needs to be matched by a surplus in periods of high economic activity.
