Definition Revenue Balanced Budget

A balanced budget occurs when revenues are equal to or greater than total expenses. Dictionary of unfamiliar words by. When the government s spending equals its revenue from for example taxation.

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A budget can be considered balanced after a full year of revenues and expenses have been incurred and recorded.

Definition revenue balanced budget. 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. A balanced budget is a budget in which revenues are equal to expenditures. Budget balancing can refer to corporate accounts in which the business ensures that its liabilities expenses and debts match its revenues sales investments and other forms of income. Balanced budget synonyms balanced budget pronunciation balanced budget translation english dictionary definition of balanced budget.

More generally it is a budget that has no budget deficit but could possibly have a budget surplus. Thus neither a budget deficit nor a budget surplus exists.