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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.

Related Terms: 4 Balance, Expenditure, Fed, Inc.
Other Related Pages: Category: Economy Starting With: B
Additional Related Terms: 10-Q, Adjusted balance method, Allowance for depreciation, Account balance, Average daily balance, Average daily balance method, Accrual of discount, Amortization of premium, All or any part, Add-on service