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Balanced budget
1. A government budget surplus that is zero, thus with net tax revenue equaling expenditure. 2. A balanced budget change in policy or behaviour is one in which a component of the government budget, usually taxes, is adjusted as necessary to maintain a balanced budget.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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