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HASSET Thesaurus

Concept information

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

Narrower concepts

Entry terms

  • NATIONAL BUDGETS

Keyword search

Definition source

  • OXFORD DICTIONARY OF ECONOMICS

URI

https://hasset.ukdataservice.ac.uk/9af68a47-827e-4562-a4bb-cb39c33fea71

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