Balanced Budget
/ˈbælənst ˈbʌdʒɪt/
Definitions
- (n.) A government or organizational budget in which projected revenues equal or exceed planned expenditures, avoiding deficit spending.
The legislature passed a balanced budget to ensure fiscal responsibility for the coming year.
Forms
- balanced budget
Related terms
See also
Commentary
In legal drafting, balancing a budget often reflects statutory mandates for fiscal discipline and may affect funding allocations and appropriations law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.