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What (who) is balanced budget - definition
Balanced budget
A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance").
Budget-balanced mechanism
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In mechanism design, a branch of economics, a weakly-budget-balanced (WBB) mechanism is a mechanism in which the total payment made by the participants is 0. This means that the mechanism operator does not incur a deficit, i.
Balanced budget amendment
CONSTITUTIONAL RULE REQUIRING THAT A STATE CANNOT SPEND MORE THAN ITS INCOME
Balanced-budget constitutional amendment; Balanced Budget Amendment; Constitutional limit on public debt
A balanced budget amendment is a constitutional rule requiring that a state cannot spend more than its income. It requires a balance between the projected receipts and expenditures of the government.
Examples of use of balanced budget
1. The Republican said he left office with a balanced budget.
2. The government hopes to present a balanced budget by 2010.
3. The financial reports submitted by ministries stressed a commitment to preserving a balanced budget.
4. Allen called for a balanced–budget amendment and a line–item veto to help control spending.
5. Kansas has had a balanced budget for four straight years after six years of deficits.