What does Balanced budget mean?

Balanced budget meaning in Economics Dictionary

When complete public-sector spending equals total government earnings during the same period from fees and costs for community services. Political leaders in a few nations, like the united states of america, have actually argued that federal government should-be expected to run a balanced budget to be able to have sound general public funds. However, there's absolutely no economic reasons why general public borrowing need necessarily be bad. Including, if debt is employed to buy items that increase the development price associated with economy--infrastructure, say, or education--it might be warranted. It may also make more financial sense to attempt to stabilize the spending plan normally over an entire financial cycle, with public-sector deficits improving the economic climate during recession and surpluses preventing it overheating during booms, than to balance it on a yearly basis.

Balanced budget meaning in Law Dictionary

spending plan in which expenditures are the same as revenue. No loss or profit is present. Nearly all are unbalanced nonetheless. Expenses often out weigh the revenue.

Balanced budget meaning in Business Dictionary

Government spending plan where current spending equals existing income. Many federal government budgets tend to be unbalanced more often than not in the cost side, purportedly to spur development and lower jobless by generating demand with extra cash supply.

Balanced budget meaning in General Dictionary

a budget is balanced whenever current expenses are corresponding to receipts