Budget


 

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Budget

A detailed schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget.



Budget

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Primary budget surplus

Primary budget surplus

The primary budget surplus (or deficit) of a government is the surplus excluding interest payments on its outstanding debt.


Budget account

Budget account

A bank account set up to control a person's regular expenditure. The account would typically include the payment of such items as mortgage, utilities, telephone and other similar items. Annual expenditure for each item is divided by 12 and paid into the account monthly. The bills are then paid from the budget account as they become due.


Budget deficit

Budget deficit

The gap between government spending and revenue and thus the amount that needs to be borrowed. Definition varies between countries.


Intrabudgetary transactions

Intrabudgetary transactions

Effected when payment and receipt both occur within the budget, or when payment is made from off-budget federal entities whose budget authority and outlays are excluded from the budget totals.


Balanced budget

Balanced budget

1. A government budget surplus that is zero, thus with net tax revenue equalling expenditure. 2. A balanced budget change in policy or behavior is one in which a component of the government budget, usually taxes, is adjusted as necessary to maintain a balanced budget.


Further Suggestions

Off budget Federal entities
Budget surplus
Balanced budget
Budget constraint
Flexible budget
The Budget
Budget deficit
Budget deficit
Budget surplus
Budget authority


 
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