balanced budget

Definition

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.

Use balanced budget in a sentence

Once the balanced budget was obtained, the team of accountants and financial analysts were able to go home for the weekend.

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You should try and always keep a well balanced budget so that you aren't getting to caught up in one thing.

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We had a balanced budget and I was really glad to be doing so well in the company after such a long time trying.

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