budget surplus

Related Overviews


'budget surplus' can also refer to...


More Like This

Show all results sharing this subject:

  • Economics


Quick Reference

The excess of a government's total income over its expenditure. This can be used to repay government debt. Budget surpluses can be calculated for any level of government—central, local, state in federal countries such as Germany or the United States—or for general government, which is all these levels combined. See also budget deficit.

Subjects: Economics.

Reference entries