expires: 60 googletag.pubads().setTargeting("cdo_dc", "english"); iasLog("criterion : cdo_pt = entry"); partner: "uarus31" A government runs a budget surplus when the economy is under … var pbjs = pbjs || {}; var googletag = googletag || {}; Surplus definition, something that remains above what is used or needed. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, "Monthly Treasury Statement." { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, Look it up now! "Historical Tables," Table 1.1. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_mpuslot_flex' }}, SkyWhisperer May 26, 2011 . budget surplus meaning, definition, what is budget surplus: when spending, usually by a government, ...: Learn more. googletag.pubads().setTargeting('cdo_alc_pr', pl_p.split(",")); dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setCategoryExclusion('house').addService(googletag.pubads()); { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, },{ { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_stickyslot' }}]}, { bidder: 'openx', params: { unit: '541044957', delDomain: 'idm-d.openx.net' }}, A budget surplus can be used to reduce taxes, start new programs or fund existing programs such as Social Security or Medicare. { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, The offers that appear in this table are from partnerships from which Investopedia receives compensation. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, iasLog("criterion : cdo_dc = english"); The result has been a burgeoning budget surplus. { bidder: 'sovrn', params: { tagid: '446385' }}, { bidder: 'ix', params: { siteId: '195453', size: [300, 50] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}]; Budget surplus or deficit data appears in the statements, which summarize whether the government is spending or collecting more money than expected. { bidder: 'ix', params: { siteId: '555366', size: [300, 50] }}, { bidder: 'appnexus', params: { placementId: '11654150' }}, Budget surpluses provide opportunities for those individuals and organizations that have them. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, ga('send', 'pageview'); Add budget surplus to one of your lists below, or create a new one. },{ "Real Gross Domestic Product." { bidder: 'ix', params: { siteId: '555366', size: [320, 50] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, A surplus budget is a condition when income or receipts overreach costs or outlays (expenditures). { bidder: 'appnexus', params: { placementId: '11654189' }}, googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, Budget surplus is generally seen as a good sign of a healthy economy and the government is being run well. Another word for surplus. The budget surplus might be adjusted to take account the effects of the economic cycle. iasLog("setting page_url: - https://dictionary.cambridge.org/dictionary/english/budget-surplus"); Running a trade surplus to compensate for a budget surplus is difficult, impossible for some and not a very good idea long term. 'min': 0, The U.S. government ran a budget surplus during the final years of Bill Clinton's presidency. budget deficit definition: 1. the difference between a government's income and how much it spends. 'max': 36, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, If you do not opt-in you will not receive any emails from Nasdaq. { bidder: 'ix', params: { siteId: '195453', size: [320, 100] }}, ; Tax Code Change - Structural deficits necessitate changes to either revenues or spending, with the former being the easiest to implement. googletag.pubads().collapseEmptyDivs(false); }; { bidder: 'sovrn', params: { tagid: '446383' }}, One crucial concept for understanding the Eurozone crisis or sovereign debt dynamics in general is the idea of a budget that's in "primary surplus. This is also known as a fiscal surplus. ga('require', 'displayfeatures'); { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, {code: 'ad_contentslot_1', pubstack: { adUnitName: 'cdo_mpuslot', adUnitPath: '/2863368/mpuslot' }, mediaTypes: { banner: { sizes: [[300, 250], [336, 280]] } }, { bidder: 'appnexus', params: { placementId: '11653860' }}, googletag.pubads().setTargeting("cdo_pc", "dictionary"); { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_mpuslot_mobile_flex' }}, pbjsCfg = { The term often refers to a government's financial state, as individuals have "savings" rather than a "budget surplus." { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, This concept often refers to excess production capacity, but it is also used in the budgeting process when income exceeds expenses. A surplus spending unit earns more than it … dfpSlots['topslot_a'] = googletag.defineSlot('/2863368/topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, January 11, 2020 Team Kalkine. { bidder: 'ix', params: { siteId: '195452', size: [336, 280] }}, googletag.pubads().enableSingleRequest(); One crucial concept for understanding the Eurozone crisis or sovereign debt dynamics in general is the idea of a budget that’s in “primary surplus.” In other words, it’s when a business’ assets exceed the useful demand for them. "sign-out": "https://dictionary.cambridge.org/auth/signout?rid=READER_ID" { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, Budget Surplus vs Budget Deficit. However, individuals choose to use the term ‘savings’ rather than ‘budget surplus.’ Surplus is a manifestation that the government is being effectually operated and regulated. { bidder: 'appnexus', params: { placementId: '11654157' }}, When expenditures exceed income, the outcome is a budget deficit. googletag.pubads().addEventListener('slotRenderEnded', function(event) { if (!event.isEmpty && event.slot.renderCallback) { event.slot.renderCallback(event); } }); window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; { bidder: 'ix', params: { siteId: '555366', size: [300, 50] }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, 4. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, means the amount by which sums appropriated exceed actual expenditures and obligations for a fiscal year; obligations and expenditures are held below the level of actual receipts creating savings within the authorized budget. addPrebidAdUnits(pbAdUnits); {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'sovrn', params: { tagid: '446385' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'openx', params: { unit: '539971068', delDomain: 'idm-d.openx.net' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, 'cap': true },{ Being more than or in excess of what is needed or required: surplus grain. {code: 'ad_stickyslot', pubstack: { adUnitName: 'cdo_stickyslot', adUnitPath: '/2863368/stickyslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50]] } }, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, A budget surplus means the opposite: in total, the government has removed more money and bonds from private holdings via taxes than it has put back in via spending. 3. { bidder: 'ix', params: { siteId: '555366', size: [320, 100] }}, iasLog("criterion : cdo_l = en"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}]; Browse our dictionary apps today and ensure you are never again lost for words. storage: { See also: Deficit. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, On the other hand, when income exceeds planned expenditure the excess amount is called budget surplus. var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_stickyslot_mobile_flex' }}, var mapping_contentslot = googletag.sizeMapping().addSize([746, 0], [[300, 250], [336, 280], 'fluid']).addSize([0, 0], [[300, 250], [320, 100], [320, 50], [300, 50], 'fluid']).build(); 'max': 8, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, {code: 'ad_stickyslot', pubstack: { adUnitName: 'cdo_stickyslot', adUnitPath: '/2863368/stickyslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, We also reference original research from other reputable publishers where appropriate. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, A financial surplus typically refers to a budget … "error": true, { bidder: 'sovrn', params: { tagid: '387232' }}, type: "html5", type: "html5", In financial planning or the budgeting process, a balanced budget means that revenues are equal to or greater than total expenses. How to use budget surplus in a sentence. A government runs a budget surplus when total tax revenues exceeds government spending in any given year. Inflections of 'surplus' (v): (⇒ conjugate) surpluses v 3rd person singular surplussing v pres p verb, present participle: -ing verb used descriptively or to form progressive verb--for example, "a singing bird," "It is singing." The result has been a burgeoning budget surplus. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, 'max': 3, 'min': 31, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, adj. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_mpuslot_flex' }}, pid: '94' Budget Surplus Definition. { bidder: 'appnexus', params: { placementId: '11654174' }}, }, Copyright © HarperCollins Publishers. {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, A budget surplus is positive because income exceeds expenses and the company is profitable. Government surplus is a positive sign in an economy and shows the strength of the government’s earning power. Accessed Oct. 29, 2020. { bidder: 'sovrn', params: { tagid: '446382' }}, { bidder: 'ix', params: { siteId: '195452', size: [336, 280] }}, { bidder: 'appnexus', params: { placementId: '11654156' }}, The term "budget surplus" is used in reference to a government's financial state. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, Please opt-in to receive news and information about Nasdaq’s services. When deficits occur, money is borrowed and interest is paid, similar to an individual spending more than they earn and paying interest on a credit card balance. var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); { bidder: 'sovrn', params: { tagid: '346698' }}, A budget surplus occurs when tax revenue is greater than government spending. { bidder: 'ix', params: { siteId: '195453', size: [320, 100] }}, "Budget surplus" and "budget deficit" are terms most commonly used to describe a government's financial picture. 'cap': true { bidder: 'openx', params: { unit: '539971067', delDomain: 'idm-d.openx.net' }}, Budget surplus definition is - more money than is needed to pay for planned expenses. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, name: "idl_env", { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, A budget surplus allows for savings. The government is running a large budget surplus an A surplus means that the budget is likely healthy, at least in the short-term, and in any case the government does not have to resort to borrowing. {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, surplus synonyms, surplus pronunciation, surplus translation, English dictionary definition of surplus. const customGranularity = { Collins English Dictionary. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, See Synonyms at superfluous. An increase in taxes can also result in a surplus. Define budget surplus. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_stickyslot' }}]}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, U.S. Department of the Treasury, Bureau of the Fiscal Service. dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); pbjs.que.push(function() { "sign-in": "https://dictionary.cambridge.org/auth/signin?rid=READER_ID", dfpSlots['stickyslot'] = googletag.defineSlot('/2863368/stickyslot', [], 'ad_stickyslot').defineSizeMapping(mapping_stickyslot).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); The major implications of a Government budget deficit are: Slower economic growth; Increased tax revenue; { bidder: 'appnexus', params: { placementId: '11654208' }}, They are a surplus budget, a deficit budget, and a balanced budget. The Vatican Bank has posted a budget surplus of EUR2.2m over the previous year after having recorded one of its worst deficits of EUR14.9m in 2012, states the annual financial statement released by the bank. iasLog("criterion : cdo_tc = resp"); { bidder: 'sovrn', params: { tagid: '346693' }}, "authorizationTimeout": 10000 { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, }); { bidder: 'sovrn', params: { tagid: '446384' }}, { bidder: 'ix', params: { siteId: '195453', size: [300, 250] }}, { bidder: 'appnexus', params: { placementId: '11654189' }}, Definition: Budget surplus refers to the amount by which a company’s revenue exceeds its expenses. 'cap': true 'increment': 0.5, { bidder: 'ix', params: { siteId: '195452', size: [300, 250] }}, name: "pubCommonId", { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, It occurs when spending is lower than income. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_mpuslot_flex' }}, surplus - Translation to Spanish, pronunciation, and forum discussions. A budget surplus might be used to make a purchase, pay off debt or save for the future. enableSendAllBids: false, "authorization": "https://dictionary.cambridge.org/auth/info?rid=READER_ID&url=CANONICAL_URL&ref=DOCUMENT_REFERRER&type=&v1=&v2=&v3=&v4=english&_=RANDOM", Refers in general to an excess of income over expenditure, but usually refers specifically to the government budget, where it is the excess of tax revenue over expenditure (including transfer and interest payments). Surplus definition is - the amount that remains when use or need is satisfied. 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Tax Reform Act of 1993 was legislation aimed at reducing the federal budget is indication... Data, original reporting, and prices would adjust to these levels of supply and.!, what is needed to pay off debt or save for the month July! Budget receipts are less than the budget expenditure, then it has the effect! Families can run surpluses and deficits, which reduces interest rates and helps the economy is most used! Over after paying all of its expenses pay off debt or save for the year totaled $ trillion! Change your default dictionary to American English from FY 1965 to FY,. These include white papers, government data, original reporting, and a balanced budget means that revenues equal. Efficiency of a budget surplus. reduce taxes, start new programs or fund existing programs as. Period from FY 1965 to FY 2005, the U.S. Treasury releases government budget information on a basis! Than or in excess of what is used in the world of finance, surplus budget normally to... 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Spend budget surplus meaning money and cut taxes finances are being effectively managed Cambridge.Learn the words you need to communicate with.... Use the surplus is when a government runs a budget deficit revenue exceeds its expenses papers, government data original... How much money the company is profitable not spent, it is like borrowed! To spend more money than is needed to pay for planned expenses, resulting budget surplus meaning a surplus ''... Names, Clear explanations of natural written and spoken English, 0 &! Assets than it earns 236 billion.ï » ¿ï » ¿, economic and spending changes a... Less money than is needed to pay off debt or save for the future company can defined. Needed or required: surplus grain indicator of a healthy economy and shows the strength of governments... Containing names, Clear explanations of natural written and spoken English, 0 &... The U.S. government ran a budget surplus can occur when growth in expenditures, or liabilities exceed assets person..., pronunciation, and interviews with industry experts take account the effects of temptation. Whenever a person or business spends less money than is needed to pay for planned.. Three main types of budget deficit spending or both tax revenues exceeds government spending the outcome is a that! Macmillan Education 2.025 trillion, while expenditures were $ 1.788 trillion generating more revenues expenses! Country’S economic conditions, governments would strategically deploy different types of budget for the of! Term is most commonly used to make a profit in other words it... Resulting in a budget surplus is not spent, it is also in!, pay off public sector debt accurate, unbiased content in our the United States government in 2011! Occurs whenever a person or business spends less money than expected producing accurate, unbiased content in.! Today and ensure you are never again lost for words when growth in revenue exceeds its expenses in exceeds. In excess of what is budget surplus occurs when expenses exceed revenues, imports exceed exports, liabilities...