balanced budget Meaning in the Cambridge English Dictionary
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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 ​balancedbudget.
(Definition of balanced budget from the Cambridge Business English Dictionary © Cambridge University Press)
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