Change your default dictionary to American English. The opposite of a budget deficit is a budget surplus. Learn a new word every day. U.S. reports record budget surplus for FY 1999 There had been speculation among some players that the BOJ would leave a smaller surplus in the market, because on Friday last week, the BOJ left a surplus of 700 billion yen, down from the 1 trillion yen surpluses it had left the 11 consecutive trading days before then. Budget surplus is the amount by which a government's income which primarily comes from taxes and duties exceeds its total expenditures such as defense, social security, science, energy and expenditure on infrastructure, etc. Can you spell these 10 commonly misspelled words? This is the British English definition of surplus.View American English definition of surplus. 'Nip it in the butt' or 'Nip it in the bud'. Most Popular Terms: Earnings per share (EPS) Beta; Market capitalization; Outstanding; Market value; In other words, it receives more in taxes than it spends on defence, welfare, or education. Federal Surplus refers to the federal government's budget surplus that results when the government spends less in a fiscal year than it receives in revenue. Define Budget surplus. A budget surplus occurs when a government is running efficiently. Compare balanced budget, budget deficit. He's making a quiz, and checking it twice... Test your knowledge of the words of the year. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). "Meanwhile, the Conservatives' slim majority in the House of Commons likely means it will be impossible for the Chancellor to get political support for a further intensification of austerity in order to obtain a, Even at the conservative oil price assumption of $65 a barrel, Qatar had projected a, The report, issued by the research department of Jadwa Investment Company, said this year's, non-investment related social spending such as the welfare state, to be in a position to produce an annual, M2 EQUITYBITES-January 15, 2014-Greece expected to meet target of primary, BANKING AND CREDIT NEWS-January 15, 2014-Greece expected to meet target of primary, The world's largest oil exporter also expected to conclude this year with a, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Omnibus Budget Reconciliation Act of 1993, Enormous deficit in tax collection deprives provinces of Rs192 billion, State budget deficit expected at 1.7% of GDP in 2019: EDB, Chancellor faces uphill struggle to balance the books, Qatar is set for budget surplus despite oil dip, KSA boom: Revenues to exceed SR1.17 trillion, Greece achieves 1.8-billion-euro budget surplus in first half of 2014, Gov't posts another budget surplus in May, January budget spending surges 16.4 pct to TL 36 bln, Kuwait's budget surplus erodes in first nine months of fiscal year, Greece expected to meet target of primary budget surplus, Saudi announces record $228b budget for 2014, Budget Reduction Reallocation and Revenue Generation, Budget Resource Information Management System, Budget Transparency and Accountability Act. A company must have a budget surplus in order to make a … Definition and synonyms of surplus from the online English dictionary from Macmillan Education. Enrich your vocabulary with the English Definition … There is a surplus of workers and not enough jobs. A budget surplus is simply having more income than expenses during a specific period of time, such as a financial quarter or fiscal year. In the late 90s, revenues from a period of economic growth and budget balancing legislation eliminated the deficit which resulted in a federal surplus. This is also known as a positive budget balance. "Budget surplus" and "budget deficit" are terms most commonly used to describe a government's financial picture. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). The opposite of a budget deficit is a budget surplus. 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