Senate Unveils Health Bill — and It’s Bad.  Call Toll-Free 844-259-9351 to Urge Your Senator to Vote 'No'

 
National Debt Glossary

Balanced Budget

Loosely, a budget with a surplus rather than a deficit. In governmental accounting terms, a budget in which anticipated or actual total revenues equal anticipated or actual total expenditures.

Source: House Rules Committee

See also: Balanced budget amendment

 

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