Meaning of “balanced budget” in the English Dictionary


"balanced budget" in Business English

See all translations

balanced budgetnoun [ C ]

uk us

ECONOMICS, ACCOUNTING a budget in which the amount of money that is planned to be spent is no greater than the income to be received:

By law, the governor must propose and lawmakers must adopt a balanced budget.

(Definition of “balanced budget” from the Cambridge Business English Dictionary © Cambridge University Press)