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A budget is considered balanced when total revenues equal total expenditures, meaning there is no deficit or surplus. This indicates that the government or organization is neither borrowing money nor accumulating excess funds. A balanced budget can help ensure financial stability and accountability. However, it's important to note that many entities may operate with deficits or surpluses as part of their long-term financial strategies.

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3mo ago

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What is balanced budget?

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.


What is a balanced budget?

The oversight committee has been working on the next balanced budget for over three weeks.


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A budget is considered balanced when its revenues match its expenditures, meaning there is no deficit or surplus. In other words, the total income generated (through taxes, fees, etc.) equals the total spending on programs and services. A balanced budget is often a goal for governments and organizations to ensure fiscal responsibility and sustainability.


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An accurate statement about achieving a balanced budget would be that?

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Only the operating budget must be balanced in state government.


What is a sentence for balanced budget?

The oversight committee has been working on the next balanced budget for over three weeks.


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