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ECONOMICS > FINANCE > PUBLIC FINANCE > STATE BUDGETS

Preferred term

STATE BUDGETS  

Definition

  • A STATEMENT OF A GOVERNMENT'S PLANNED RECEIPTS AND EXPENDITURES FOR SOME FUTURE PERIOD, NORMALLY A YEAR. THIS IS USUALLY ACCOMPANIED BY A STATEMENT OF ACTUAL RECEIPTS AND EXPENDITURES FOR THE PREVIOUS PERIOD. A BUDGET SURPLUS MEANS THAT TOTAL GOVERNMENT RECEIPTS EXCEED TOTAL SPENDING; A BUDGET DEFICIT MEANS THAT SPENDING EXCEEDS RECEIPTS; AND A BALANCED BUDGET MEANS THAT INCOME AND SPENDING ARE EQUAL.

Broader concept

Entry terms

  • NATIONAL BUDGETS

Identifier

  • urn:ddi:int.cessda.elsst:0c2d1b34-272b-4264-aa9f-efa05a2c5ed4:3

Date issued

  • 2022-09-20

DEFINITION SOURCE

  • OXFORD DICTIONARY OF ECONOMICS

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URI

https://elsst.cessda.eu/id/3/0c2d1b34-272b-4264-aa9f-efa05a2c5ed4

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