Surplus Budget
/ˈsɜːrplʌs ˈbʌdʒɪt/
Definitions
- (n.) A government or organizational budget in which projected revenues exceed projected expenditures for a fiscal period.
The council approved a surplus budget this year, allowing for additional public investments.
Forms
- surplus budget
- surplus budgets
Related terms
See also
Commentary
In legal drafting related to public finance, clearly distinguishing a surplus budget from a deficit budget is critical for accurate fiscal analysis and regulatory compliance.
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.