Definitions from the Web
Balanced Budget
Description:
A balanced budget refers to a financial plan where the total expenses of a person, organization, or government do not exceed its total income. It signifies a state of equilibrium between income and expenditure, resulting in zero deficits or surpluses.
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Example Sentences:
- She managed to maintain a balanced budget by carefully tracking her expenses and prioritizing savings.
- The government aims to achieve a balanced budget by implementing cost-cutting measures and increasing revenue through tax reforms.
- Using a balanced budget approach, the company successfully reduced its debt and increased profitability.
- As a local municipality, it is important for us to have a balanced budget that allocates resources effectively to meet the needs of the community.
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