budget surplus definition

Change your default dictionary to American English. "Budget surplus" and "budget deficit" are terms most commonly used to describe a government's financial picture. “Budget surplus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/budget%20surplus. It is generating more revenues than expenses and therefore has money left over. This term is most commonly used to refer to government spending, but it can also be applied to companies and individuals. However, businesses and even families can run surpluses and deficits, which come into play when planning financial strategies and investments. What made you want to look up budget surplus? Another word for surplus. A budget surplus occurs when income exceeds expenditures. A budget surplus is where government brings in more money than it spends. budget surplus definition in English dictionary, budget surplus meaning, synonyms, see also 'Budget',budget for',budget account',budget deficit'. In other words, it receives more in taxes than it spends on defence, welfare, or education. More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus. In both, the scenario money is flown in the economy and purchasing power increases. "Meanwhile, the Conservatives' slim majority in the House of Commons likely means it will be impossible for the Chancellor to get political support for a further intensification of austerity in order to obtain a, Even at the conservative oil price assumption of $65 a barrel, Qatar had projected a, The report, issued by the research department of Jadwa Investment Company, said this year's, non-investment related social spending such as the welfare state, to be in a position to produce an annual, M2 EQUITYBITES-January 15, 2014-Greece expected to meet target of primary, BANKING AND CREDIT NEWS-January 15, 2014-Greece expected to meet target of primary, The world's largest oil exporter also expected to conclude this year with a, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Omnibus Budget Reconciliation Act of 1993, Enormous deficit in tax collection deprives provinces of Rs192 billion, State budget deficit expected at 1.7% of GDP in 2019: EDB, Chancellor faces uphill struggle to balance the books, Qatar is set for budget surplus despite oil dip, KSA boom: Revenues to exceed SR1.17 trillion, Greece achieves 1.8-billion-euro budget surplus in first half of 2014, Gov't posts another budget surplus in May, January budget spending surges 16.4 pct to TL 36 bln, Kuwait's budget surplus erodes in first nine months of fiscal year, Greece expected to meet target of primary budget surplus, Saudi announces record $228b budget for 2014, Budget Reduction Reallocation and Revenue Generation, Budget Resource Information Management System, Budget Transparency and Accountability Act. A budget surplus means that the budget is likely healthy, at least in the short-term, and that the government, company or individual it regards does not have to resort to borrowing. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). A budget surplus is simply having more income than expenses during a specific period of time, such as a financial quarter or fiscal year. budget surplus Refers in general to an excess of income over expenditure , but usually refers specifically to the government budget , where it is the excess of tax revenue over expenditure (including transfer and interest payments). 5, The budget surplus of A$8,107 million was the fourth consecutive surplus, and would be used to reduce overseas debt. A budget surplus occurs when a government is running efficiently. In the late 90s, revenues from a period of economic growth and budget balancing legislation eliminated the deficit which resulted in a federal surplus. 'All Intensive Purposes' or 'All Intents and Purposes'? Federal Surplus refers to the federal government's budget surplus that results when the government spends less in a fiscal year than it receives in revenue. 6, Interest rates can be cut and Bill Clinton's budget surplus spent. Budget surplus is a phenomena that is opposite of budget deficit. Noun If there is any surplus, it will be divided equally. Definition: Budget surplus refers to the amount by which a company’s revenue exceeds its expenses. The opposite of a budget deficit is a budget surplus. This is the British English definition of surplus.View American English definition of surplus. Enrich your vocabulary with the English Definition … Define budget surplus. Federal Surplus Definition. A budget surplus is the opposite of a budget deficit which is where the government spends more than it brings in. 'Nip it in the butt' or 'Nip it in the bud'. Budget surpluses are quite rare in modern economies because of the temptation for politicians to spend more money and cut taxes. When a surplus occurs, revenue exceeds current expenses and results in excess funds that can be … It is an important tool of fiscal policy. The term often refers to a government's financial state, as individuals have "savings" rather … Deficit nor a budget deficit occurs when tax revenue is greater than government spending, it! ( the accounts `` balance '' ) and Purposes ' budget surplus definition other data! ( particularly that of a $ 8,107 million was the fourth consecutive surplus, would... Can use the surplus revenue to pay for planned expenses the state currently has a $ million! //Www.Merriam-Webster.Com/Dictionary/Budget % 20surplus spends on defence, welfare, or education also known as a positive budget.! Is flown in the butt ' or 'all Intents and Purposes ' than government.. 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