Budget surplus

Budget surplus,

Definition of Budget surplus:

  1. 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.

  2. Amount by which planned expenses exceed actual expenses. Opposite of budget deficit.

  3. 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?

  1. The term "savings" is used to describe a budget surplus-type situation with an individual.
  2. A budget surplus is when income or receipts exceed outlays or expenditures.
  3. The company received a lower wholesale price on several items this month, so they used their budget surplus to pay for an employee banquet.
  4. A budget surplus is usually used in reference to financial states of governments.
  5. 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.
  6. 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