balanced budget(redirected from Balanced budgets)
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Related to Balanced budgets: Fiscal responsibility
When the government’s spending equals its revenue from, for example, taxation. Compare budget deficit; budget surplus.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
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|Noun||1.||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"
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