Budgetary Surplus
/ˌbʌdʒɪˈtɛri ˈsɜːrpləs/
Definitions
- (n.) The financial condition where a government's revenues exceed its expenditures during a fiscal period, resulting in excess funds.
The government announced a budgetary surplus for the fiscal year, enabling increased public spending.
Forms
- budgetary surplus
- budgetary surpluses
Related terms
See also
Commentary
In legal drafting, specifying 'budgetary surplus' clarifies fiscal outcomes influencing policy decisions, appropriations, and statutory obligations.
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.