Definition of Budget surplus:
A budget surplus is a period when income or receipts exceed outlays or expenditures. A budget surplus often refers to the financial states of governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus.' A surplus is an indication that the government is being effectively managed.
Amount by which planned expenses exceed actual expenses. Opposite of budget deficit.
A budget surplus might be spent to make a purchase, pay off debt or save for the future. A city government that has a surplus may use the money to render improvements to a local decaying park, for example.
How to use Budget surplus in a sentence?
- The term "savings" is used to describe a budget surplus-type situation with an individual.
- A budget surplus is when income or receipts exceed outlays or expenditures.
- The company received a lower wholesale price on several items this month, so they used their budget surplus to pay for an employee banquet.
- A budget surplus is usually used in reference to financial states of governments.
- If you find yourself in a budget surplus that may be a good time to try and take on a risky venture when you can afford it.
- The budget surplus was mentioned in the meeting as it was beyond our previously forecasted and planned expectations for our department.
Meaning of Budget surplus & Budget surplus Definition