For Balanced Budget we have terms and definitions in 6 topics. The topics are Advocacy, Business, Congressional, Finance, International Economics and Political.

Balanced Budget (Advocacy)

A budget in which receipts equal outlays.

Balanced Budget (Business)

A budget in which planned expenditure on goods and services and debt income can be met by current income from taxation and other central government receipts.

Balanced Budget (Congressional)

A budget in which receipts equal outlays.

Balanced Budget (Finance)

A budget in which the income equals expenditure. See: budget.

Balanced Budget (International Economics)

1. A government budget surplus that is zero, thus with net tax revenue equalling expenditure.
2. A balanced budget change in policy or behavior is one in which a component of the government budget, usually taxes, is adjusted as necessary to maintain a balanced budget.

Balanced Budget (Political)

A budget in which expenditure is equal to, or not greater than, income. In the 1990s, there has been growing concern about the federal budget deficit, and a proposal for a constitutional amendment that required the federal government to balance its budget annually passed the House of Representatives in 1995. It was, however, defeated in the Senate. Some economists argue that an unbalanced budget may not always be bad. Sometimes it is necessary to go into debt to ensure a stable future. For example, almost all states have laws that require them to balance their budgets each year, but they will issue bonds to finance large projects that are not within their annual budgets.

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