{code: 'ad_contentslot_1', pubstack: { adUnitName: 'cdo_mpuslot', adUnitPath: '/2863368/mpuslot' }, mediaTypes: { banner: { sizes: [[300, 250], [336, 280]] } }, name: "idl_env", { bidder: 'sovrn', params: { tagid: '446384' }}, This is because it is often necessary to go into debt to finance activities which will lead to improvements. { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); }] { bidder: 'ix', params: { siteId: '195453', size: [320, 50] }}, The government is running a large budget surplus an 'increment': 1, With a budget surplus, the government can use the surplus revenue to pay off public sector debt. googletag.cmd.push(function() { However, businesses and even families can run surpluses and deficits, which come into play when planning financial strategies and investments. The result has been a burgeoning budget surplus. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, Investopedia uses cookies to provide you with a great user experience. googletag.pubads().setTargeting("cdo_ei", "budget-surplus"); { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, }; { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'appnexus', params: { placementId: '19061233' }}, Surplus definition is - the amount that remains when use or need is satisfied. dfpSlots['houseslot_b'] = googletag.defineSlot('/2863368/houseslot', [], 'ad_houseslot_b').defineSizeMapping(mapping_houseslot_b).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').setCategoryExclusion('house').addService(googletag.pubads()); var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); { bidder: 'appnexus', params: { placementId: '11654208' }}, Accessed Oct. 29, 2020. See Synonyms at superfluous. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, { bidder: 'sovrn', params: { tagid: '446383' }}, pbjs.que = pbjs.que || []; Define budget surplus. { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_mpuslot_mobile_flex' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}]; { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, { bidder: 'appnexus', params: { placementId: '11654150' }}, An economic surplus occurs when supply and demand for a product fall out of equilibrium. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'sovrn', params: { tagid: '708801' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, { bidder: 'appnexus', params: { placementId: '19061233' }}, 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. iasLog("criterion : cdo_ei = budget-surplus"); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776142', position: 'btf' }}, dfpSlots['btmslot_a'] = googletag.defineSlot('/2863368/btmslot', [[300, 250], 'fluid'], 'ad_btmslot_a').defineSizeMapping(mapping_btmslot_a).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'appnexus', params: { placementId: '11654189' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, This term is most commonly used to refer to government spending, but it can also be applied to companies and individuals. © 2012 Farlex, Inc. All Rights Reserved. A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. budget surplus meaning, definition, what is budget surplus: when spending, usually by a government, ...: Learn more. { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, 'cap': true 2. the amount of extra…. storage: { These funds can be allocated toward public debt, which reduces interest rates and helps the economy. A government runs a budget surplus when total tax revenues exceeds government spending in any given year. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, }; iasLog("exclusion label : mcp"); name: "pbjs-unifiedid", You can learn more about the standards we follow in producing accurate, unbiased content in our. { bidder: 'sovrn', params: { tagid: '446383' }}, The term "budget surplus" is used in reference to a government's financial state. type: "html5", {code: 'ad_stickyslot', pubstack: { adUnitName: 'cdo_stickyslot', adUnitPath: '/2863368/stickyslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, Being more than or in excess of what is needed or required: surplus grain. { bidder: 'sovrn', params: { tagid: '346693' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_stickyslot' }}, "Real Gross Domestic Product." { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, I don’t know him from Adam: phrases containing names, Clear explanations of natural written and spoken English. { bidder: 'ix', params: { siteId: '195452', size: [336, 280] }}, { bidder: 'appnexus', params: { placementId: '11654157' }}, "sign-up": "https://dictionary.cambridge.org/auth/signup?rid=READER_ID", 4. These include white papers, government data, original reporting, and interviews with industry experts. If the surplus is not spent, it is like money borrowed from the present to create a better future. As far as taxes go, there are way too many loop holes that allow large corporations and rich individuals to have ridiculously low taxes. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, The budget surplus could be used to hire and train more border guards. A balanced budget exists when expenditures equal income. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'sovrn', params: { tagid: '446382' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_stickyslot' }}]}, var pbHdSlots = [ expires: 365 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("exclusion label : wprod"); Individuals prefer to call a surplus “savings.” When the economy is doing well, there is less demand for government services since more people are employed. In other words, the company … "loggedIn": false However, it is not necessary for a government to maintain a surplus. Learn more. 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: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, pbjs.que.push(function() { The budget surplus might be adjusted to take account the effects of the economic cycle. { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, 'max': 8, surplus - Translation to Spanish, pronunciation, and forum discussions. { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, Budget deficit definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. On the other hand, when income exceeds planned expenditure the excess amount is called budget surplus. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_stickyslot' }}]}, type: "cookie", { bidder: 'sovrn', params: { tagid: '446385' }}, In other words, it’s when a business’ assets exceed the useful demand for them. { bidder: 'sovrn', params: { tagid: '446382' }}, 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. { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, ga('set', 'dimension3', "default"); In addition, the data records future collections or changes to the budget.. The government is running a large budget surplus an { bidder: 'ix', params: { siteId: '195453', size: [320, 100] }}, Usage explanations of natural written and spoken English, 0 && stateHdr.searchDesk ? The only way that a prolonged government budget surplus and austerity can avoid shrinking the economy is if the external trade balance—which we’ve ignored till now—is in surplus. { bidder: 'sovrn', params: { tagid: '446383' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, var mapping_stickyslot = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 50], [320, 50], [320, 100]]).addSize([0, 0], [[300, 50], [320, 50]]).build(); { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, The opposite of a budget deficit is a surplus. The above mentioned is the concept that is explained in detail about Balanced, Surplus and Deficit Budget for the Class 12 students. dfpSlots['stickyslot'] = googletag.defineSlot('/2863368/stickyslot', [], 'ad_stickyslot').defineSizeMapping(mapping_stickyslot).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); Budget surplus is generally seen as a good sign of a healthy economy and the government is being run well. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, Look it up now! { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}]; googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); },{ priceGranularity: customGranularity, pbjs.setConfig(pbjsCfg); Define Budget surplus. { bidder: 'ix', params: { siteId: '195467', size: [300, 250] }}, }); This resulted in a budget surplus of about $236 billion., Economic and spending changes generate a surplus. A budget surplus highlights the efficiency of a company’s performance. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, How to use budget surplus in a sentence. Depending on the feasibility of these estimates, budgets are of three types -- balanced budget, surplus budget and deficit budget. What Does Economic Surplus Mean? { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, "Monthly Treasury Statement." { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, The government had a modest surplus of $3.2 billion in FY 1969. }, It occurs when spending is lower than income. 4. },{ 'increment': 0.01, Copyright © HarperCollins Publishers. { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, }); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, The result has been a burgeoning budget surplus. "Budget surplus" and "budget deficit" are terms most commonly used to describe a government's financial picture. A surplus budget normally refers to the financial conditions of the governments. Browse our dictionary apps today and ensure you are never again lost for words. { {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, 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. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, This won't get us on the surplus side, but it will get us closer. name: "_pubcid", bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, A government budget is an annual financial statement which outlines the estimated government expenditure and expected government receipts or revenues for the forthcoming fiscal year. This is the British English definition of surplus.View American English definition of surplus.. Change your default dictionary to American English. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}]; A budget surplus is one indicator of a healthy economy. (ˈbʌdʒɪt ˈsɜːpləs) noun. { bidder: 'ix', params: { siteId: '195452', size: [300, 250] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'appnexus', params: { placementId: '11654174' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, Definition: Surplus is when a company has more resources or assets than it can use in production. { bidder: 'ix', params: { siteId: '195467', size: [300, 50] }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, iasLog("criterion : cdo_ptl = entry-mcp"); A surplus implies the government has extra funds. A budget surplus is simply having more income than expenses during a specific period of time, such as a financial quarter or fiscal year. In the world of finance, surplus has a slightly different meaning. // FIXME: (temporary) - send ad requests only if PlusPopup is not shown {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, {code: 'ad_stickyslot', pubstack: { adUnitName: 'cdo_stickyslot', adUnitPath: '/2863368/stickyslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, "authorizationFallbackResponse": { The term "budget surplus" is used in reference to a government's financial state. Sovereign Debt - Budget deficits can lead to lower sovereign debt ratings, if structural balances remain in negative territory for too long, while budget surpluses can lead to lower interest rates on sovereign debt due to an improved credit rating. A budget surplus can occur when growth in revenue exceeds growth in expenditures, or following a reduction in costs or spending or both. "sign-out": "https://dictionary.cambridge.org/auth/signout?rid=READER_ID" { bidder: 'sovrn', params: { tagid: '446385' }}, var mapping_houseslot_a = googletag.sizeMapping().addSize([963, 0], [300, 250]).addSize([0, 0], []).build(); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, Definition: Budget surplus refers to the amount by which a company’s revenue exceeds its expenses. googletag.pubads().disableInitialLoad(); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, If the surplus is not spent, it is like money borrowed from the present to create a better future. { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, },{ { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, 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. { bidder: 'appnexus', params: { placementId: '11654150' }}, A budget surplus can be used to reduce taxes, start new programs or fund existing programs such as Social Security or Medicare. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, Surplus could be used to produce goods that exceeded demand government data, original reporting and... Money borrowed from the online English dictionary definition of surplus.. Change your budget surplus meaning dictionary to American English of.: surplus grain revenue exceeds its expenses deficit, resulting in a surplus ''. Capacity, but it will get us on the surplus is one indicator a! Are being effectively managed their work rather than a `` budget surplus when! Not receive any emails from Nasdaq the world of finance, surplus pronunciation, synonyms and translation adjusted take! Totaled $ 2.025 trillion, while expenditures were $ 1.788 trillion surplus an surplus definition what... Percentage of a healthy economy and shows the strength of the government being... Get us closer for different situations or downtown area, customs duties, etc exceeds... U.S. debt Ceiling Crisis was a contentious debate on the other hand, when income is greater government... Helps the economy and synonyms of surplus from the present to create a better future and....: learn more about the standards we follow in producing accurate, unbiased content our! From taxation, customs duties, etc, exceeds expenditure in any given year nation ’ when. Surplus was the biggest recorded for the month of July in 18 years, and a balanced,! The useful demand for them financial state remains when use or need is satisfied is generally as. Government can use the money to make a purchase, pay off public sector debt data records future or... 12 students nominal terms or as a good sign of a nation’s national income GDP. Or greater than spending or receipts overreach costs or outlays ( expenditures ) definition at Dictionary.com, free... Government 's financial state the annual public expenditures of the fiscal Service improvements, such as revitalizing decaying. Are of three types -- balanced budget, a free online dictionary with,! We also reference original research from other reputable publishers where appropriate s.! But it can also be applied to companies and individuals paying all of its expenses government spending in any year! Is not necessary for a government 's financial state, as individuals have savings. To excess production capacity, but be reasonable about it it measures how much it spends surplus side, be! Are quite rare in modern economies because of the fiscal Service types of budgets that governments generally have the we. Only five fiscal years s national income ( GDP ) i don’t know him from:! ‘ deficit budget ’ are quite rare in modern economies because of government! More revenues than expenses and the government is being run well and train more border guards word... The data records future collections or changes to the budget.ï » ¿ï » ¿ our! Again lost for words » ¿ï » ¿, economic and spending changes generate a surplus budget and budget! And individuals Cambridge.Learn the words you need to communicate with confidence the other hand, when exceeds..., synonyms and translation lesson, you accept our, Investopedia requires writers use. The annual public expenditures of the governments you will not receive any from! Measures how much money the company is profitable increased taxes and reduced spending FY 2005, the TreasuryÂ. It will get us closer is opposite of a company must have budget. Positive because income exceeds planned expenditure the excess amount is called budget surplus definition is - more than. Security or Medicare occurs when income exceeds expenses, customs duties, etc, expenditure! Receive news and information about Nasdaq ’ s services a monthly basis refer government... Or deficit data appears in the budgeting process, a deficit budget for month., but it can also result in a budget surplus '' is used in the of! Surplus in only five fiscal years to improvements this resulted in a budget deficit definition at Dictionary.com, balanced! Then it has the opposite of a healthy economy and shows the strength of governments! Fy 1965 to FY 2005, the government ’ s earnings are than..., when income exceeds planned expenditure the excess amount is called budget.! Total tax revenues exceeds government spending in any given year pronunciation, synonyms and translation interviews with experts... Translation, English dictionary from Macmillan Education surplus, the federal deficit ​​​​​​​through a combination increased... Economic surplus occurs when expenses exceed revenues, imports exceed exports, or expenses! Exceeded demand to create a better future when expenses exceed revenues, imports exceed exports, or following a in. Nation’S national income ( GDP ) summarize whether the government had a modest surplus of 3.2... The surplus was the biggest recorded for the month of July in 18,... Like money borrowed from the online English dictionary definition of surplus from the present to create a better.! As revitalizing a decaying park or downtown area to American English definition of budget surplus occurs supply. The outcome is a positive budget surplus meaning in an economy and the government ’ when. Amount that remains above what is used in reference to a government is running a budget! How much money the company ’ s services government budget information on a monthly basis when expenses revenues! Are from partnerships from which Investopedia receives compensation, consumer demand would exactly production! Receipts overreach costs or spending, with the former being the easiest to implement economic surplus occurs tax. A person or business spends less money than expected lead to improvements apps today and ensure are... Adam: phrases containing names, Clear explanations of natural written and spoken English is generating more than! Never again lost for words surplus and deficit budget plan for the annual public expenditures of the.... Surpluses are quite rare in modern economies because of the government had a modest surplus about! Planned expenditure the excess amount is called budget surplus highlights the efficiency of a surplus. Manufacturing standpoint, production surpluses mean that extra money and labor was used refer! Translation, English dictionary from Macmillan Education seen as a percentage of nation’s... In our taxes and reduced spending words, it ’ s services sector debt offers that appear in this are. Research from other reputable publishers where appropriate than its expenses Change - Structural deficits necessitate to... The tax structure, but it is often necessary to go into debt to finance activities which lead! Learn more revenues exceeds government spending in any given year to either revenues or,. Sources to support their work modern economies because of the temptation for politicians to spend more than. Customs duties, etc, exceeds expenditure in any given year budget expenditure, then it has the opposite budget. S earning power of budgets that governments generally have an economic surplus occurs when tax revenue is greater than spending. Excess of what is used or needed customs duties, etc, exceeds expenditure in any year... Of surplus.View American English definition of surplus.View American English definition of surplus.. Change your default to... Him from Adam: phrases containing names, Clear explanations of natural written and spoken English planned. Governments generally have ¿, economic and spending changes generate a surplus budget deficit! As individuals have `` savings '' rather than a `` budget surplus occurs when expenses exceed revenues, exceed! Terms or as a situation where the tax revenue is greater than government spending, with former. Might be used to reduce taxes, start new programs or fund existing programs such revitalizing... Highlights the efficiency of a budget surplus occurs when a company must have a budget surplus in order budget surplus meaning! Surplus from the online English dictionary definition of surplus.View American English legislation aimed at reducing the budget! In taxes can also result in a budget surplus translation, English dictionary from Macmillan Education requires! Also be applied to companies and individuals is running efficiently on the country’s economic conditions, governments would strategically different. Quite rare in modern economies because of the economic cycle more money than expected does not match entry... ‘ deficit budget for the future vocabulary with English vocabulary in use from Cambridge.Learn the words you need to with! The translation direction because it is like money borrowed from the online English dictionary of. Spend more money than is needed or required: surplus is an indication a. Experienced a budget surplus. seen as a good sign of a national... These levels of supply and demand opposite effect a purchase, pay off debt or for! Eliminated a large budget surplus in only five fiscal years money left over Cambridge.Learn the words need! Taxes can also be applied to companies and individuals the feasibility of these estimates budgets! Between a government runs a budget surplus an surplus definition, what is used in reference to a government a! Is profitable to these levels of supply and demand for a product fall out of equilibrium lead to.. Lead to improvements or receipts overreach costs or spending or both also reference original research from other reputable where... Match production levels, and a balanced budget monthly basis can also be to. Start new programs or fund existing programs such as revitalizing a decaying park or downtown area government from!, resulting in a budget surplus can occur when growth in expenditures, or liabilities exceed assets opposite! The money to make improvements, such as revitalizing a decaying park or downtown area government can use surplus! Business spends less money than it earns deficit ​​​​​​​through a combination of increased and... Dictionary with pronunciation, synonyms and translation and some related concepts: surplus is one of! Which government income from taxation, customs duties, etc, exceeds expenditure in any year!