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Meaning of “balanced budget” in the English Dictionary

"balanced budget" in Business English

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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)
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