budget surplus


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Related to budget surplus: budget deficit

budget surplus

When the government’s revenue exceeds its spending. Compare balanced budget, budget deficit.
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References in periodicals archive ?
The four provincial governments recorded budget surplus of Rs138.9 billion during the last fiscal year.
The budget surplus of the EU Intellectual Property Office (EUIPO), amounting to almost half a billion euros in 2018, should be put to a productive use, according to a new opinion by the European Court of Auditors.
State budget surplus in January 2019 amounted to 2.1 billion soms or 7% to GDP, according to the Eurasian Development Bank data.
REINING in spending coupled with a constant collection pace allowed the national government to post a budget surplus of P44.5 billion for January.
There is broad political consensus in favour of maintaining prudent fiscal settings, and we think that any new government will comply with the fiscal target, which requires a small budget surplus of 0.3% of GDP.
Cyprus recorded a budget surplus of e1/4436.8 mln for the ten months to October, mainly driven by indirect taxes which reached e1/42.6 bln, according to official data.
Satyendra Pathak Doha Qatar achieved a budget surplus of QR6.06 billion ($1.67 billion) in the second quarter of 2018 against a deficit of QR6.04 billion ($1.6 billion) in the same period of 2017, according to the latest data-based report released by Qatar Central Bank (QCB).
The budget surplus is good, Prime Minister Boyko Borissov said at the beginning of the regular government meeting, Focus News Agency reports.
The statistics show that in April-June 2017 Latvia's budget surplus was equal to 1.6 per cent of GDP Malta had a budget surplus of 2.3 per cent, and the Czech Republic had a 1.9 per cent surplus.
Summary: 
In 2016 State Oil Fund of Azerbaijan Republic (SOFAZ) posted AZN 0.4bn budget surplus, thanks to 21.9% y/y increase in its revenue and 1.8% y/y decline in expenditures in AZN terms.
Mr Osborne has pledged to return the UK to a surplus by 2020, with the OBR forecast stating that the UK would have a budget surplus of PS10.4bn in 2019-20 and PS11bn the year after.
Thus, the statutory maximum size of the budget deficit in the amount of 14 million 605.7 thousand som ($234.3 thousand) is replaced by a budget surplus in the amount of 614 million to 8.1 thousand som ($98.6 million).