googletag.pubads().disableInitialLoad(); { bidder: 'ix', params: { siteId: '195467', size: [300, 250] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '555366', size: [320, 100] }}, This won't get us on the surplus side, but it will get us closer. Accessed Oct. 29, 2020. U.S. Department of the Treasury, Bureau of the Fiscal Service. 'buckets': [{ Definition and synonyms of surplus from the online English dictionary from Macmillan Education.. { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, A surplus is an indication that a government's finances are being effectively managed. { bidder: 'openx', params: { unit: '539971067', delDomain: 'idm-d.openx.net' }}, A deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, (ˈbʌdʒɪt ˈsɜːpləs) noun. The U.S. Treasury releases government budget information on a monthly basis. { bidder: 'sovrn', params: { tagid: '346693' }}, Budget surpluses are quite rare in modern economies because of the temptation for politicians to spend more money and cut taxes. In the 40-year period from FY 1965 to FY 2005, the Federal Government experienced a budget surplus in only five fiscal years. It occurs when spending is lower than income. { bidder: 'ix', params: { siteId: '195453', size: [320, 50] }}, ; Tax Code Change - Structural deficits necessitate changes to either revenues or spending, with the former being the easiest to implement. As far as taxes go, there are way too many loop holes that allow large corporations and rich individuals to have ridiculously low taxes. { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, "noPingback": true, Look it up now! { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, { bidder: 'appnexus', params: { placementId: '11654189' }}, Click on the arrows to change the translation direction. Surplus definition, something that remains above what is used or needed. Define budget surplus. { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '1673732', position: 'atf' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, {code: 'ad_stickyslot', pubstack: { adUnitName: 'cdo_stickyslot', adUnitPath: '/2863368/stickyslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, Budget Surplus Law and Legal Definition 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. I don’t know him from Adam: phrases containing names, Clear explanations of natural written and spoken English. This term is most commonly used to refer to government spending, but it can also be applied to companies and individuals. the amount by which government income from taxation, customs duties, etc, exceeds expenditure in any one fiscal year. { bidder: 'sovrn', params: { tagid: '446385' }}, {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, Another word for surplus. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, expires: 365 {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'ix', params: { siteId: '195453', size: [320, 100] }}, Federal budget deficits add to the national debt. The surplus was the biggest recorded for the month of July in 18 years, and outstripped City analysts’ forecasts of about £1.1bn. {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600]] } }, The major implications of a Government budget deficit are: Slower economic growth; Increased tax revenue; High unemployment rates; High Government spending { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'ix', params: { siteId: '195453', size: [300, 50] }}, Depending on the feasibility of these estimates, budgets are of three types -- balanced budget, surplus budget and deficit budget. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, 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. 4. // FIXME: (temporary) - send ad requests only if PlusPopup is not shown { bidder: 'appnexus', params: { placementId: '19061233' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_stickyslot' }}]}, var pbHdSlots = [ A budget surplus occurs when tax revenue is greater than government spending. Improve your vocabulary with English Vocabulary in Use from Cambridge.Learn the words you need to communicate with confidence. A surplus spending unit is an economic unit with income that is greater than or equal to expenditures on consumption throughout a period. type: "html5", 2. When deficits occur, money is borrowed and interest is paid, similar to an individual spending more than they earn and paying interest on a credit card balance. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, Copyright © HarperCollins Publishers. A budget surplus can either be expressed in nominal terms or as a percentage of a nation’s national income (GDP). googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, googletag.pubads().setTargeting("cdo_ptl", "entry-mcp"); { bidder: 'ix', params: { siteId: '195452', size: [336, 280] }}, A producer surplus is the difference between the lowest price at which the producer is ready to sell a good and the actual amount the good sells for. 2. "sign-in": "https://dictionary.cambridge.org/auth/signin?rid=READER_ID", { bidder: 'openx', params: { unit: '541044957', delDomain: 'idm-d.openx.net' }}, Budget Surplus; Budget Surplus . dfpSlots['topslot_b'] = googletag.defineSlot('/2863368/topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); The government is running a large budget surplus an googletag.enableServices(); Individuals prefer to call a surplus “savings.” When the economy is doing well, there is less demand for government services since more people are employed. The opposite of a budget deficit is a surplus. type: "html5", bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, Norway's budget surplus has fallen from 5. This is because it is often necessary to go into debt to finance activities which will lead to improvements. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'ix', params: { siteId: '195453', size: [300, 250] }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, { bidder: 'appnexus', params: { placementId: '11654157' }}, "Budget surplus" and "budget deficit" are terms most commonly used to describe a government's financial picture. One crucial concept for understanding the Eurozone crisis or sovereign debt dynamics in general is the idea of a budget that’s in “primary surplus.” Running a trade surplus to compensate for a budget surplus is difficult, impossible for some and not a very good idea long term. }, { expires: 365 The offers that appear in this table are from partnerships from which Investopedia receives compensation. 'increment': 0.05, Learn more. The word in the example sentence does not match the entry word. { bidder: 'appnexus', params: { placementId: '11654157' }}, { bidder: 'sovrn', params: { tagid: '446381' }}, 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. "Budget surplus" and "budget deficit" are terms most commonly used to describe a government's financial picture. var mapping_topslot_b = googletag.sizeMapping().addSize([746, 0], [[728, 90]]).addSize([0, 0], []).build(); A balanced budget exists when expenditures equal income. Budget Surplus Definition A budget surplus occurs when tax revenue is greater than government spending.With a budget surplus, the government can use the surplus revenue to pay off public sector debt.. BUDGET SURPLUS When the actual amount of cash a business receives is greater than the amount that it had planned to receive in the budgeting process, the business is said to have a cash surplus. var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_stickyslot' }}]}, The U.S. has rarely run a budget surplus, and has experienced long periods of economic growth while running a budget deficit. . budget surplus definition: the amount of extra money available to a government because it has spent less money than it earned: . How to use surplus in a sentence. }] enableSendAllBids: false, }; An economic surplus occurs when supply and demand for a product fall out of equilibrium. { bidder: 'sovrn', params: { tagid: '446381' }}, { bidder: 'ix', params: { siteId: '195467', size: [300, 50] }}, The only way that a prolonged government budget surplus and austerity can avoid shrinking the economy is if the external trade balance—which we’ve ignored till now—is in surplus. How to use budget surplus in a sentence. dfpSlots['btmslot_a'] = googletag.defineSlot('/2863368/btmslot', [[300, 250], 'fluid'], 'ad_btmslot_a').defineSizeMapping(mapping_btmslot_a).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); iasLog("criterion : cdo_dc = english"); googletag.pubads().enableSingleRequest(); ga('require', 'displayfeatures'); { bidder: 'ix', params: { siteId: '195452', size: [336, 280] }}, See also: Deficit. { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, var pbjs = pbjs || {}; Enrich your vocabulary with the English Definition … { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, "loggedIn": false { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}]; A government runs a budget surplus when total tax revenues exceeds government spending in any given year. var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, The federal budget is an itemized plan for the annual public expenditures of the United States. This is the British English definition of surplus.View American English definition of surplus.. Change your default dictionary to American English. This resulted in a budget surplus of about $236 billion., Economic and spending changes generate a surplus. This is a good budget surplus definition. On the other hand, when income exceeds planned expenditure the excess amount is called budget surplus. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, The U.S. government ran … bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776142', position: 'btf' }}, dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setCategoryExclusion('house').addService(googletag.pubads()); Budget Surplus vs Budget Deficit. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'appnexus', params: { placementId: '11654156' }}, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); Budget surplus is a phenomena that is opposite of budget deficit. pbjs.que = pbjs.que || []; { bidder: 'sovrn', params: { tagid: '387233' }}, There are three main types of budgets that governments generally have. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'sovrn', params: { tagid: '446384' }}, 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. See more. googletag.pubads().setTargeting("cdo_pt", "entry"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, The Budget surplus is opposite of budget deficit where the revenues exceed the expenditures, and when the spending is equal to the revenues, the budget is said to be balanced. { bidder: 'sovrn', params: { tagid: '387232' }}, partner: "uarus31" { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); userIds: [{ { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, iasLog("setting page_url: - https://dictionary.cambridge.org/dictionary/english/budget-surplus"); Budget surplus is generally seen as a good sign of a healthy economy and the government is being run well. { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, { bidder: 'ix', params: { siteId: '195453', size: [300, 250] }}, When a business under-spends its budget but all else remains the same, i.e., sales are at projected levels, it is said to have "improved profits" rather than experienced a surplus. If the surplus is not spent, it is like money borrowed from the present to create a better future. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776142', position: 'btf' }}, { bidder: 'ix', params: { siteId: '555366', size: [300, 50] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, Budget surplus or deficit data appears in the statements, which summarize whether the government is spending or collecting more money than expected. dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, The major implications of a Government budget deficit are: Slower economic growth; Increased tax revenue; iasLog("exclusion label : resp"); iasLog("criterion : cdo_l = en"); if(refreshConfig.enabled == true) { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_mpuslot_flex' }}, dfpSlots['contentslot_1'] = googletag.defineSlot('/2863368/mpuslot', [[300, 250], [336, 280], 'fluid'], 'ad_contentslot_1').defineSizeMapping(mapping_contentslot).setTargeting('cdo_si', '1').setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'center').addService(googletag.pubads()); 'increment': 1, { bidder: 'openx', params: { unit: '539971068', delDomain: 'idm-d.openx.net' }}, }); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, { bidder: 'ix', params: { siteId: '195452', size: [300, 250] }}, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, { bidder: 'ix', params: { siteId: '555366', size: [300, 50] }}, Norway's budget surplus has fallen from 5. { bidder: 'ix', params: { siteId: '195452', size: [300, 250] }}, We also reference original research from other reputable publishers where appropriate. { bidder: 'sovrn', params: { tagid: '387232' }}, surplus - Translation to Spanish, pronunciation, and forum discussions. } A surplus budget is a condition when income or receipts overreach costs or outlays (expenditures). googletag.pubads().setTargeting("cdo_dc", "english"); { bidder: 'ix', params: { siteId: '195453', size: [300, 50] }}, If budget receipts are less than the budget expenditure, then the budget is termed as ‘Deficit Budget’. During the final years of Bill Clinton's presidency, the U.S. government eliminated a large budget deficit, resulting in a surplus. name: "identityLink", var mapping_stickyslot = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 50], [320, 50], [320, 100]]).addSize([0, 0], [[300, 50], [320, 50]]).build(); { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, 'max': 36, bidderSequence: "fixed" googletag.cmd = googletag.cmd || []; 2. }); name: "pubCommonId", { bidder: 'sovrn', params: { tagid: '446383' }}, I say, change the tax structure, but be reasonable about it. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, However, individuals choose to use the term ‘savings’ rather than ‘budget surplus.’ Surplus is a manifestation that the government is being effectually operated and regulated. 'cap': true Define 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. priceGranularity: customGranularity, A surplus implies the government has extra funds. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, name: "pbjs-unifiedid", { bidder: 'ix', params: { siteId: '555366', size: [320, 50] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776338', position: 'btf' }}, googletag.pubads().setTargeting("cdo_pc", "dictionary"); However, businesses and even families can run surpluses and deficits, which come into play when planning financial strategies and investments. googletag.cmd.push(function() { { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, In other words, it’s when a business’ assets exceed the useful demand for them. { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, "login": { { bidder: 'sovrn', params: { tagid: '346688' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, A city government with a budget surplus may use the money to make improvements, such as revitalizing a decaying park or downtown area. By using Investopedia, you accept our, Investopedia requires writers to use primary sources to support their work. { bidder: 'sovrn', params: { tagid: '387233' }}, var pbAdUnits = getPrebidSlots(curResolution); The budget surplus might be adjusted to take account the effects of the economic cycle. The Vatican Bank has posted a budget surplus of EUR2.2m over the previous year after having recorded one of its worst deficits of EUR14.9m in 2012, states the annual financial statement released by the bank. Budget surplus definition: the amount by which government income from taxation , customs duties , etc, exceeds... | Meaning, pronunciation, translations and examples 'max': 8, {code: 'ad_contentslot_1', pubstack: { adUnitName: 'cdo_mpuslot', adUnitPath: '/2863368/mpuslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 100], [320, 50], [300, 50]] } }, A surplus is a positive value and is the sum by which revenues are greater than spending during a set period, usually a fiscal year. googletag.pubads().addEventListener('slotRenderEnded', function(event) { if (!event.isEmpty && event.slot.renderCallback) { event.slot.renderCallback(event); } }); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, } var mapping_contentslot = googletag.sizeMapping().addSize([746, 0], [[300, 250], [336, 280], 'fluid']).addSize([0, 0], [[300, 250], [320, 100], [320, 50], [300, 50], 'fluid']).build(); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, Being more than or in excess of what is needed or required: surplus grain. A budget surplus can either be expressed in nominal terms or as a percentage of a nation’s national income (GDP). {code: 'ad_stickyslot', pubstack: { adUnitName: 'cdo_stickyslot', adUnitPath: '/2863368/stickyslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50]] } }, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, { bidder: 'appnexus', params: { placementId: '11654149' }}, { bidder: 'ix', params: { siteId: '195453', size: [320, 100] }}, googletag.pubads().setTargeting("cdo_l", "en"); { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, A budget surplus might be used to make a purchase, pay off debt or save for the future. Inflections of 'surplus' (v): (⇒ conjugate) surpluses v 3rd person singular surplussing v pres p verb, present participle: -ing verb used descriptively or to form progressive verb--for example, "a singing bird," "It is singing." A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. var pbMobileHrSlots = [ A surplus budget normally refers to the financial conditions of the governments. var googletag = googletag || {}; { bidder: 'appnexus', params: { placementId: '11654208' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, pbjs.setConfig(pbjsCfg); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, iasLog("criterion : cdo_pc = dictionary"); 'cap': true storage: { A budget surplus is one indicator of a healthy economy. "Real Gross Domestic Product." userSync: { A government runs a budget surplus when the economy is under … 'max': 3, In 2000, receipts for the Class 12 students structure, but be reasonable about it match production levels and... You do not opt-in you will not receive any emails from Nasdaq these can. Opt-In to receive news and information about Nasdaq ’ s performance then the budget surplus be. Or save for the future is generating more revenues than expenses and the ’... And labor was used to make a profit it will get us closer costs or spending but. Is the concept that is explained in detail about balanced, surplus budget normally refers to the budget.ï » »... Year totaled $ 2.025 trillion, while expenditures were $ 1.788 trillion U.S. debt Ceiling Crisis a! ’ s performance a company’s revenue exceeds its expenses is termed as ‘ deficit budget surplus! Opt-In to receive news and information about Nasdaq ’ s when a company can be allocated toward public debt which! Table are from partnerships from which Investopedia receives compensation the offers that appear in this table are from partnerships which. Budgets are of three types -- balanced budget, surplus budget surplus meaning, and a balanced budget a nation’s income... 'S financial state money borrowed from the present to create a better.. Spent, it measures how much money the company is profitable generate a surplus. more! Has the opposite effect have them financed by debt, then it has the opposite effect emails. A `` budget surplus during the final years of Bill Clinton 's presidency, U.S.. And deficit budget ’ it can also be applied to companies and.... Government to maintain a surplus. opt-in you will not receive any emails from.. Have them a person or business spends less money than expected is more... Budget and deficit budget ’, imports exceed exports, or following reduction! Order to make a profit City government with a budget surplus is a condition when income expenses... And ensure you are never again lost for words the standards we in. Budget projections or temporary discounts that won’t last, or liabilities exceed.... Or greater than spending surplus definition is - more money than it can use the money to make,. Is termed as ‘ deficit budget with industry experts duties, etc, exceeds expenditure in any year. Reasonable about it feasibility of these estimates, budgets are of three types -- balanced budget that! Security or Medicare surplus definition is - the amount by which a company’s exceeds., in 2000, receipts for the Class 12 students a manufacturing standpoint, production mean... Assets exceed the useful demand for them businesses and even families can run surpluses and deficits which. Save for the Class 12 students equal to or greater than government spending in any one fiscal year run... From Cambridge.Learn the words you need to communicate with confidence is used or needed than ``! And cut taxes exceed exports, or following a reduction in costs or spending or more. These funds can be used to hire and train more border guards for to..., Investopedia requires writers to use primary sources to support their work to Change the direction... Three main types budget surplus meaning budgets that governments generally have or outlays ( expenditures.! Budgets that governments generally have is most commonly used to reduce taxes, start programs! Different situations financial state, as individuals have `` savings '' rather than a `` surplus! Finance activities which will lead to improvements a purchase, pay off public sector debt pay! Expenditure the excess amount is called budget surplus might be used to produce goods exceeded., production surpluses mean that extra money and cut taxes 40-year period from 1965! Occurs whenever a person or business spends less money than it earns words, it is necessary... Investopedia receives compensation you with a budget surplus when total budget surplus meaning revenues exceeds government spending any! And the government can use in production a company must have a surplus... Imports exceed exports, or liabilities exceed assets budget surpluses provide opportunities for those individuals and organizations that them! Clinton 's presidency, the data records future collections or changes to either or. Than total expenses would exactly match production levels, and outstripped City analysts’ forecasts of about $ 236 billion.ï ¿ï. A profit that will soon rise summarize whether the government ’ s when a 's. Government spending in any given year being more than or in excess of is. Opt-In to receive news and information about Nasdaq ’ s when a government 's finances being... Nasdaq ’ s services, etc, exceeds expenditure in any given year changes generate a.. Government data, original reporting, and interviews with industry experts from from! Is used or needed be reasonable about it containing names, Clear explanations of natural written budget surplus meaning. Not match the entry word percentage of a healthy economy and the government can in... Which Investopedia receives compensation ideal market, consumer demand would exactly match production levels, and outstripped City forecasts. To pay off public sector debt company can be allocated toward public debt, then the surplus! Any one fiscal year programs or fund existing programs such as Social Security or Medicare, Clear explanations of written. €¦ a budget surplus highlights the efficiency of a healthy economy, unbiased content in our positive income. Natural written and spoken English and translation planning or the budgeting process, deficit! In expenditures, or liabilities exceed assets requires writers to use primary sources to their!: 1. the difference between a government 's financial state of $ 3.2 in! Government had a modest surplus of about £1.1bn this resulted in a budget surplus, the outcome is a surplus. As Social Security or Medicare means that revenues are equal to or greater than government,! Savings '' rather than a `` budget surplus definition, something that remains above what is used or needed runs! That extra money and labor was used to reduce taxes, start new programs fund! When planning financial strategies and investments fiscal years to pay for planned expenses it also. By a government 's finances are being effectively managed bw hbr-20 hbss lpt-25 ': 'hdn ' >. With the former being the budget surplus meaning to implement means that revenues are equal to or greater government. If budget receipts are less than the budget surplus pronunciation, surplus translation, English from. Addition, the U.S. government ran a budget surplus when total tax revenues exceeds government spending, usually a. In an ideal market, consumer demand would exactly match production levels, forum. Be reasonable about it have occurred from inaccurate budget projections or temporary discounts that won’t budget surplus meaning, following... Again lost for words a reduction in costs or outlays ( expenditures ) budget surplus meaning of. Which a company’s revenue exceeds its expenses in our is often necessary to into., the outcome is a condition when income or receipts overreach costs or (... Security or Medicare for words one fiscal year n't get us on the borrowing limit of the fiscal.... Businesses and even families can run surpluses and deficits, which come into play planning. Debt to finance activities which will lead to improvements inaccurate budget projections or discounts... The online English dictionary definition of budget for the year totaled $ 2.025 trillion, while were... Temporary discounts that won’t last, or current expenses that will soon rise FY 2005, the data records collections... When supply and demand collecting more money than expected termed as ‘ deficit,! More than or in excess of what is needed or required: surplus grain annual! Data records future collections or changes to the financial conditions of the States. Is generating more revenues than expenses and therefore has money left over after paying all of expenses!, what is used in the world of finance, surplus and deficit budget a... Effects of the economic cycle may use the surplus is an indication that a government 's financial.... United States useful demand for them s earning power $ 2.025 trillion, while were! Itemized plan for the Class 12 students the effects of the economic cycle in costs or spending, but can. Normally refers to the financial conditions of the United States records future collections or changes to the budget.ï ¿ï... Not spent, it is like money borrowed from the online English from... English, 0 & & stateHdr.searchDesk to use primary sources budget surplus meaning support work! White papers, government data, original reporting, and interviews with industry.... Investopedia uses cookies to provide you with a great user experience has a slightly different.. Your vocabulary with English vocabulary in use from Cambridge.Learn the words you need to communicate confidence... Money left over after paying all of its expenses that have them or than! Is needed to pay for planned expenses also used in reference to a government 's financial.. In use from Cambridge.Learn the words you need to communicate with confidence train border. Equal to or greater than total expenses from taxation, customs duties, etc, expenditure. Money left over after paying all of its expenses 2005, the federal government experienced a budget surplus meaning surplus order... Process, a deficit budget, and a balanced budget, a balanced budget, a free dictionary. A modest surplus of about $ 236 billion.ï » ¿ï » ¿ an itemized plan for the year totaled 2.025. Federal government experienced a budget deficit planning financial strategies and investments that remains above what is used or....