It may happen when the government starts to collect fewer taxes or starts spending more. “Budget surplus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/budget%20surplus. A budget deficit occurs when an government spends more money than it takes in. Budget surplus. A budget surplus occurs when a government is running efficiently. Federal Surplus Definition. the amount of extra money that a government needs because it has spent more money than it earned: The White House says the federal government will run a $9 trillion budget deficit over the next decade. Budget surpluses are quite rare in modern economies because of the temptation for politicians to spend more money and cut taxes. 5, The budget surplus of A$8,107 million was the fourth consecutive surplus, and would be used to reduce overseas debt. Most Popular Terms: Earnings per share (EPS) Beta; Market capitalization; Outstanding; Market value; U.S. reports record budget surplus for FY 1999 There had been speculation among some players that the BOJ would leave a smaller surplus in the market, because on Friday last week, the BOJ left a surplus of 700 billion yen, down from the 1 trillion yen surpluses it had left the 11 consecutive trading days before then. Budget Surplus vs Budget Deficit. The opposite of a budget deficit is a budget surplus. Budget surplus definition: the amount by which government income from taxation , customs duties , etc, exceeds... | Meaning, pronunciation, translations and examples The amount by which government revenues exceed government spending. : more money than is needed to pay for planned expenses The state currently has a $3 million budget surplus. Another word for surplus. https://financial-dictionary.thefreedictionary.com/budget+surplus. What made you want to look up budget surplus? Only eight times in the past 60 years has Britain's budget been in surplus. Define budget surplus. Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Therefore, budget deficits, by definition, are equivalent to adding net financial assets to the private sector, whereas budget surpluses remove financial assets from the private sector. View the pronunciation for surplus. It is an important tool of fiscal policy. Budget surplus is a phenomena that is opposite of budget deficit. Recent Examples on the Web: Noun When Schowalter left the Dayton administration in 2014, after 20 … budget surplus definition in English dictionary, budget surplus meaning, synonyms, see also 'Budget',budget for',budget account',budget deficit'. A budget surplus occurs when income exceeds expenditures. A company must have a budget surplus in order to make a … Accessed 22 Dec. 2020. A company must have a budget surplus in order to make a profit. Noun If there is any surplus, it will be divided equally. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! When the government’s revenue exceeds its … Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). "Budget surplus" and "budget deficit" are terms most commonly used to describe a government's financial picture. When the government’s revenue exceeds its spending. A budget is a financial document, which forecast the future income and expenses, further it illustrates the ways in which income is going to be received, and how that received income is going to be shared or allocated among the expenses that are to be incurred. "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. The amount by which government revenues exceed government spending. Compare balanced budget, budget deficit. 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). With a budget surplus, the government can use the surplus revenue to pay off public sector debt. A budget surplus is simply having more income than expenses during a specific period of time, such as a financial quarter or fiscal year. In the late 90s, revenues from a period of economic growth and budget balancing legislation eliminated the deficit which resulted in a federal surplus. In both, the scenario money is flown in the economy and purchasing power increases. Individuals prefer to call a surplus “savings.” When the economy is doing well, there is less demand for government services since more people are employed. This term is most commonly used to refer to government spending, but it can also be applied to companies and individuals. When a surplus occurs, revenue exceeds current expenses and results in excess funds that can be … This is also known as a positive budget balance. The opposite of a budget deficit is a budget surplus. A budget surplus is where government brings in more money than it spends. Change your default dictionary to American English. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Enrich your vocabulary with the English Definition … A budget surplus means the opposite: in total, the government has removed more money and bonds from private holdings via taxes than it has put back in via spending. He's making a quiz, and checking it twice... Test your knowledge of the words of the year. 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