balanced budget

Definitions

Accounting

• noun a budget where expenditure and income are equal

Economics

• noun a budget where expenditure and revenue are equal. This is the ideal situation, though Keynes said that governments should aim to run a deficit during a depression to encourage economic activity, and a surplus during a boom in order to cool down economic activity.

Nearby Definitions of “balanced budget”

• baiting
• Bajazet
• balance
• balance of payments
• balance sheet
• balanced budget
• bald
• ball
• ballast
• balloon
• ban

Contexts for “balanced budget”

2 definitions in context
• Accounting
• Economics