Federal Surplus Definition. the amount of extra money that a government needs because it has spent more money than it earned: The White House says the federal government will run a $9 trillion budget deficit over the next decade. A budget surplus is the opposite of a budget deficit which is where the government spends more than it brings in. When a governmental entity has revenues from taxes, fees, and other impositions which exceed its budgeted outlays, it is said to have a budget surplus. View the pronunciation for surplus. Post the Definition of budget surplus to Facebook, Share the Definition of budget surplus on Twitter. Accessed 22 Dec. 2020. “Budget surplus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/budget%20surplus. It is generating more revenues than expenses and therefore has money left over. Enrich your vocabulary with the English Definition … The amount by which revenue exceeds expenditures. A company must have a budget surplus in order to make a profit. Budget surplus definition: the amount by which government income from taxation , customs duties , etc, exceeds... | Meaning, pronunciation, translations and examples A budget deficit occurs when an government spends more money than it takes in. Only eight times in the past 60 years has Britain's budget been in surplus. budget surplus definition in English dictionary, budget surplus meaning, synonyms, see also 'Budget',budget for',budget account',budget deficit'. He's making a quiz, and checking it twice... Test your knowledge of the words of the year. Another word for surplus. Budget surpluses are quite rare in modern economies because of the temptation for politicians to spend more money and cut taxes. This is also known as a positive budget balance. A company must have a budget surplus in order to make a … Define Budget surplus. Budget surplus is the amount by which a government's income which primarily comes from taxes and duties exceeds its total expenditures such as defense, social security, science, energy and expenditure on infrastructure, etc. "Budget surplus" and "budget deficit" are terms most commonly used to describe a government's financial picture. 'All Intensive Purposes' or 'All Intents and Purposes'? More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus. A budget is a financial document, which forecast the future income and expenses, further it illustrates the ways in which income is going to be received, and how that received income is going to be shared or allocated among the expenses that are to be incurred. When the government’s revenue exceeds its spending. Definition: Budget surplus refers to the amount by which a company’s revenue exceeds its expenses. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). the amount of extra money available to a government because it has spent less money than it earned: The government has projected a budget surplus of £7 billion by April. A budget surplus means the opposite: in total, the government has removed more money and bonds from private holdings via taxes than it has put back in via spending. 6, Interest rates can be cut and Bill Clinton's budget surplus spent. When the government’s revenue exceeds its … The amount by which revenue exceeds expenditures. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget surplus occurs when a government is running efficiently. The opposite of a budget deficit is a budget surplus. U.S. reports record budget surplus for FY 1999 There had been speculation among some players that the BOJ would leave a smaller surplus in the market, because on Friday last week, the BOJ left a surplus of 700 billion yen, down from the 1 trillion yen surpluses it had left the 11 consecutive trading days before then. A budget surplus is where government brings in more money than it spends. In both, the scenario money is flown in the economy and purchasing power increases. Definition of budget surplus. 7, A budget surplus of EC$12,300(sentencedict.com),000 was predicted on the current account. A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. A budget surplus occurs when income exceeds expenditures. Delivered to your inbox! This is the British English definition of surplus.View American English definition of surplus. Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Noun If there is any surplus, it will be divided equally. The amount by which government revenues exceed government spending. This term is most commonly used to refer to government spending, but it can also be applied to companies and individuals. When a surplus occurs, revenue exceeds current expenses and results in excess funds that can be … Definition. budget surplus synonyms, budget surplus pronunciation, budget surplus translation, English dictionary definition of budget surplus. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! It is an important tool of fiscal policy. It may happen when the government starts to collect fewer taxes or starts spending more. The opposite of a budget deficit is a budget surplus. Compare balanced budget, budget deficit. There is a surplus of workers and not enough jobs. Please tell us where you read or heard it (including the quote, if possible). 5, The budget surplus of A$8,107 million was the fourth consecutive surplus, and would be used to reduce overseas debt. Budget Surpluses synonyms, Budget Surpluses pronunciation, Budget Surpluses translation, English dictionary definition of Budget Surpluses. Federal Surplus refers to the federal government's budget surplus that results when the government spends less in a fiscal year than it receives in revenue. Test Your Knowledge - and learn some interesting things along the way. Budget surplus. However, businesses and even families can run surpluses and deficits, which come into play when planning financial strategies and investments. In the late 90s, revenues from a period of economic growth and budget balancing legislation eliminated the deficit which resulted in a federal surplus. budget surplus Refers in general to an excess of income over expenditure , but usually refers specifically to the government budget , where it is the excess of tax revenue over expenditure (including transfer and interest payments). Can you spell these 10 commonly misspelled words? 'Nip it in the butt' or 'Nip it in the bud'. What made you want to look up budget surplus? The budget surplus is the scenario when government earning is more than the spending whereas, in the budget deficit, government spending is more than its Income. With a budget surplus, the government can use the surplus revenue to pay off public sector debt. https://financial-dictionary.thefreedictionary.com/budget+surplus. Budget Surplus vs Budget Deficit. "Meanwhile, the Conservatives' slim majority in the House of Commons likely means it will be impossible for the Chancellor to get political support for a further intensification of austerity in order to obtain a, Even at the conservative oil price assumption of $65 a barrel, Qatar had projected a, The report, issued by the research department of Jadwa Investment Company, said this year's, non-investment related social spending such as the welfare state, to be in a position to produce an annual, M2 EQUITYBITES-January 15, 2014-Greece expected to meet target of primary, BANKING AND CREDIT NEWS-January 15, 2014-Greece expected to meet target of primary, The world's largest oil exporter also expected to conclude this year with a, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Omnibus Budget Reconciliation Act of 1993, Enormous deficit in tax collection deprives provinces of Rs192 billion, State budget deficit expected at 1.7% of GDP in 2019: EDB, Chancellor faces uphill struggle to balance the books, Qatar is set for budget surplus despite oil dip, KSA boom: Revenues to exceed SR1.17 trillion, Greece achieves 1.8-billion-euro budget surplus in first half of 2014, Gov't posts another budget surplus in May, January budget spending surges 16.4 pct to TL 36 bln, Kuwait's budget surplus erodes in first nine months of fiscal year, Greece expected to meet target of primary budget surplus, Saudi announces record $228b budget for 2014, Budget Reduction Reallocation and Revenue Generation, Budget Resource Information Management System, Budget Transparency and Accountability Act. Change your default dictionary to American English. A budget surplus occurs when tax revenue is greater than government spending. The term often refers to a government's financial state, as individuals have "savings" rather … A budget surplus means that the budget is likely healthy, at least in the short-term, and that the government, company or individual it regards does not have to resort to borrowing. Define budget surplus. A budget surplus means that the budget is likely healthy, at least in the short-term, and that the government, company or individual it regards does not have to resort to borrowing. : more money than is needed to pay for planned expenses The state currently has a $3 million budget surplus. Learn a new word every day. Budget surplus is a phenomena that is opposite of budget deficit. Find more ways to say surplus, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Recent Examples on the Web: Noun When Schowalter left the Dayton administration in 2014, after 20 … In other words, it measures how much money the company has left over after paying all of its expenses. The amount by which government revenues exceed government spending. means the amount by which sums appropriated exceed actual expenditures and obligations for a fiscal year; obligations and expenditures are held below the level of actual receipts creating savings within the authorized budget. A budget surplus is simply having more income than expenses during a specific period of time, such as a financial quarter or fiscal year. Therefore, budget deficits, by definition, are equivalent to adding net financial assets to the private sector, whereas budget surpluses remove financial assets from the private sector. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). 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