Screen Your Hearing By Telephone. Free for AARP Members for a limited time. Learn More

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

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.

AARP Membership

Discounts & Benefits

    Next Article

    Read This