A budget for which expenditures are equal to income. Sometimes a budget for which expenditures are less than income is also considered balanced. The concept is often discussed in reference to the federal government.
I think a logical first step should be to stop it from growing larger by requiring that every federal budget be balanced.
The oversight committee has been working on the next balanced budget for over three weeks.
a balanced budget
Yes, he did have a balanced budget.
A balanced budget matches expenses with revenues. If your budget is not balanced you are either spending more than you take in and you have to borrow the difference or you are taking in more revenue than you can spend and that warehouses money. Budgeted reserves, a hard thing to manage, are part of the budget and should be adopted as plain policy. In that case you are setting aside revenue over expenses for a specific purpose (such as a rainy-day fund or a disaster fund.) Debt, or borrowing, can be part of a budget as well, usually showing debt payments and reserves in a sinking fund. If you maintain a sinking fund in your budget you still have a balanced budget. Typically debt is for some specific purpose, such as a new road or a bridge. In the Federal Budget there are no debts for bridges, roads, battleships or whatever they are all paid for in cash. So it could be said that some portion of the Federal budget should be shown as a debt owed for capital projects. But it is not accounted for in that fashion today. A balanced budget has value because you avoid debt to support spending and you avoid warehousing money that taxpayers might be able to spend themselves.
welfare reform, money for law enforcement, stiffer sentencing for criminals, a balanced budget, and a reduced federal deficit
balanced budget
balanced budget
No he did not have majority in the house and senate when he balanced the federal budget and had a surplus!
Budget & Execution
balanced budget requirements Study Island: balanced budget requirements There are several controversies. The federal government is allowed to increase its debt cieling, while the states are not allowed to run perpetual deficits. Another controversy is the way the federal government creates laws. The feds sometimes create laws that the states are required to implement without federal funding.