Skip to content
You could save on auto insurance when you complete the AARP Smart Driver course! Use code VET to save 25 percent now.
 
 
 
National Debt Glossary

Budget surplus

The amount by which the government’s budget receipts exceed its budget outlays for a given period, usually a fiscal year.

SOURCE: U.S. Government Accountability Office

See also: Balanced budget; Budget deficit

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.

GO TO THIS ARTICLE