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  2. Government budget balance - Wikipedia

    en.wikipedia.org/wiki/Government_budget_balance

    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. 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.

  3. List of countries by government budget - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.

  4. Sectoral balances - Wikipedia

    en.wikipedia.org/wiki/Sectoral_balances

    To summarize, in the U.S. in 2019, there was a private sector surplus of 4.4% GDP due to household savings exceeding business investment. There was also a current account deficit of 2.8% GDP, meaning the foreign sector was in surplus. By definition, there must therefore exist a government budget deficit of 7.2% GDP so all three net to zero.

  5. Balanced budget - Wikipedia

    en.wikipedia.org/wiki/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"). More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus. [1]

  6. Government spending - Wikipedia

    en.wikipedia.org/wiki/Government_spending

    Canon of surplus – public revenue should exceed government expenditure, this avoiding a deficit. Government must prepare a budget to create a surplus. [8] Three other canons are: Canon of elasticity – it says there should be enough scope in expenditure policy.government should be able to increase or decrease it according to the period.

  7. U.S. Records $71 Billion Budget Surplus in June - AOL

    www.aol.com/finance/2014-07-11-us-budget-deficit...

    J. Scott Applewhite/AP By JOSH BOAK WASHINGTON -- The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008. The Treasury ...

  8. Deficit spending - Wikipedia

    en.wikipedia.org/wiki/Deficit_spending

    Deficit spending may, however, be consistent with public debt remaining stable as a proportion of GDP, depending on the level of GDP growth. [citation needed] The opposite of a budget deficit is a budget surplus; in this case, tax revenues exceed government purchases and transfer payments. For the public sector to be in deficit implies that the ...

  9. Government budget - Wikipedia

    en.wikipedia.org/wiki/Government_budget

    Deficit budget: when government expenditure exceeds government receipts. A deficit can be of 3 types: revenue, fiscal and primary deficit. Governments usually finance this deficit by either borrowing from the private sectors of their countries or other countries' governments and international institutions.