Most Popular Terms: Earnings per share (EPS) Beta; Market capitalization; Outstanding; Market value; In the late 90s, revenues from a period of economic growth and budget balancing legislation eliminated the deficit which resulted in a federal surplus. The amount by which revenue exceeds expenditures. A budget deficit occurs when an government spends more money than it takes in. When the government’s revenue exceeds its … Post the Definition of budget surplus to Facebook, Share the Definition of budget surplus on Twitter. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Definition of budget surplus. 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. What made you want to look up budget surplus? This is the British English definition of surplus.View American English definition of surplus. Only eight times in the past 60 years has Britain's budget been in surplus. 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. Define budget surplus. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). Federal Surplus Definition. : more money than is needed to pay for planned expenses The state currently has a $3 million budget surplus. https://financial-dictionary.thefreedictionary.com/budget+surplus. This is also known as a positive budget 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 is a phenomena that is opposite of budget deficit. Budget Surpluses synonyms, Budget Surpluses pronunciation, Budget Surpluses translation, English dictionary definition of Budget Surpluses. 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. 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A budget surplus occurs when tax revenue is greater than government spending. 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. There is a surplus of workers and not enough jobs. This term is most commonly used to refer to government spending, but it can also be applied to companies and individuals. 6, Interest rates can be cut and Bill Clinton's budget surplus spent. Test Your Knowledge - and learn some interesting things along the way. The term often refers to a government's financial state, as individuals have "savings" rather … Define Budget surplus. Accessed 22 Dec. 2020. 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. Enrich your vocabulary with the English Definition … “Budget surplus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/budget%20surplus. 7, A budget surplus of EC$12,300(sentencedict.com),000 was predicted on the current account. A budget surplus occurs when income exceeds expenditures. Can you spell these 10 commonly misspelled words? budget surplus synonyms, budget surplus pronunciation, budget surplus translation, English dictionary definition of budget surplus. It may happen when the government starts to collect fewer taxes or starts spending more. 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. 'All Intensive Purposes' or 'All Intents and Purposes'? 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