balanced budget

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balanced budget

When the government’s spending equals its revenue from, for example, taxation. Compare budget deficit; budget surplus.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.balanced budget - a budget is balanced when current expenditures are equal to receipts
budget - a summary of intended expenditures along with proposals for how to meet them; "the president submitted the annual budget to Congress"
Translations
vyrovnaný rozpočet
Nullbudget
References in periodicals archive ?
life insurance industry benefited from favorable bond market performance and relatively stable equity markets, which contributed to modest improvement in balance sheet fundamentals and earnings performance.