What does balanced budget mean?
Definitions for balanced budget
bal·anced bud·get
This dictionary definitions page includes all the possible meanings, example usage and translations of the word balanced budget.
Princeton's WordNet
balanced budgetnoun
a budget is balanced when current expenditures are equal to receipts
Wiktionary
balanced budgetnoun
A (usually government) budget in which income and expenditure are equal over a set period of time.
Wikipedia
Balanced budget
A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus. A cyclically balanced budget is a budget that is not necessarily balanced year-to-year, but is balanced over the economic cycle, running a surplus in boom years and running a deficit in lean years, with these offsetting over time. Balanced budgets and the associated topic of budget deficits are a contentious point within academic economics and within politics. Some economists argue that moving from a budget deficit to a balanced budget decreases interest rates, increases investment, shrinks trade deficits and helps the economy grow faster in the longer term. Other economists, especially those associated with Modern Monetary Theory (MMT), downplay the need for balanced budgets among countries that have the power to issue their own currency, and argue that government spending helps boost productivity, innovation and savings in the private sector.
ChatGPT
balanced budget
A balanced budget is a financial plan in which income or revenue equals or exceeds expenditures or spending. This term usually pertains to government budgets, where a balanced budget means the government is not maintaining a deficit nor making a surplus. There are no net increases in government debts in a balanced budget. It can also apply to individuals or businesses, indicating that the entity is not spending more than it is earning.
Wikidata
Balanced budget
A balanced budget is a budget with revenues equal to expenditures, and neither a budget deficit nor a budget surplus. More generally, it refers to a budget with no deficit, but possibly with a surplus. A cyclically balanced budget is a budget that is not necessarily balanced year-to-year, but is balanced over the economic cycle, running a surplus in boom years and running a deficit in lean years, with these offsetting over time. Balanced budgets, and the associated topic of budget deficits, are a contentious point within academic economics and within politics. The mainstream economic view is that having a balanced budget in every year is not desirable, with budget deficits in lean times being desirable. Most economists have also agreed that a balanced budget would decrease interest rates, increase savings and investment, shrink trade deficits and help the economy grow faster over a longer period of time.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of balanced budget in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of balanced budget in Pythagorean Numerology is: 2
Examples of balanced budget in a Sentence
If you look at the evidence, at the end of Bill Clinton's two terms, we had the longest peacetime expansion in American history with 22 million new jobs, a balanced budget and a surplus that would have paid off our national debt if it had not been rudely interrupted by the next administration.
Finance Minister Joaquim Levy:
Most people understand that without a balanced budget we won't grow.
I do like the fact that [Kasich] likes to budget, create a budget and have a balanced budget and I think he's not so right wing that he wants to work with Democrats as well.
Our role will be to make sure the town is operating on a balanced budget and ensure there is money in the bank to pay for the town's expenses, the town will still decide how it wants to spend its funds, but we will ensure they are operating within the town budget.
We're on course to deliver a balanced budget for the Games.
Translations for balanced budget
From our Multilingual Translation Dictionary
- vyrovnaný rozpočetCzech
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"balanced budget." Definitions.net. STANDS4 LLC, 2024. Web. 17 Apr. 2024. <https://www.definitions.net/definition/balanced+budget>.
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