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budget surplus
budget surplusWhen the government’s revenue exceeds its spending. Compare balanced budget, budget deficit.TranslationsReferences in periodicals archiveThe four provincial governments recorded budget surplus of Rs138.9 billion during the last fiscal year.Enormous deficit in tax collection deprives provinces of Rs192 billionState budget surplus in January 2019 amounted to 2.1 billion soms or 7% to GDP, according to the Eurasian Development Bank data.State budget deficit expected at 1.7% of GDP in 2019: EDBREINING in spending coupled with a constant collection pace allowed the national government to post a budget surplus of P44.5 billion for January.Government budget surplus hits P44.5 billionThere is broad political consensus in favour of maintaining prudent fiscal settings, and we think that any new government will comply with the fiscal target, which requires a small budget surplus of 0.3% of GDP.Fitch Ratings: Sweden Vote Creates Uncertainty; Fiscal Continuity LikelyCyprus recorded a budget surplus of e1/4436.8 mln for the ten months to October, mainly driven by indirect taxes which reached e1/42.6 bln, according to official data.FINANCE: Cyprus records budget surplus of EUR 437 mlnSatyendra Pathak Doha Qatar achieved a budget surplus of QR6.06 billion ($1.67 billion) in the second quarter of 2018 against a deficit of QR6.04 billion ($1.6 billion) in the same period of 2017, according to the latest data-based report released by Qatar Central Bank (QCB).Qatar achieves budget surplus of QR6 billion in Q2 2018: QCBThe budget surplus is good, Prime Minister Boyko Borissov said at the beginning of the regular government meeting, Focus News Agency reports.Bulgarian PM Borissov: Revenue Agencies Work Well -- the most Material Expression is the Money in the BudgetThe statistics show that in April-June 2017 Latvia's budget surplus was equal to 1.6 per cent of GDP Malta had a budget surplus of 2.3 per cent, and the Czech Republic had a 1.9 per cent surplus.Latvia registers one of EU's largest budget surplus in Q2Summary:
In 2016 State Oil Fund of Azerbaijan Republic (SOFAZ) posted AZN 0.4bn budget surplus, thanks to 21.9% y/y increase in its revenue and 1.8% y/y decline in expenditures in AZN terms.AZERBAIJAN: SOFAZ RESERVES DOWN 1.3% Y/Y IN 2016 TO US$ 33.1BNMr Osborne has pledged to return the UK to a surplus by 2020, with the OBR forecast stating that the UK would have a budget surplus of PS10.4bn in 2019-20 and PS11bn the year after.Chancellor faces uphill struggle to balance the booksThus, the statutory maximum size of the budget deficit in the amount of 14 million 605.7 thousand som ($234.3 thousand) is replaced by a budget surplus in the amount of 614 million to 8.1 thousand som ($98.6 million).President Atambayev approves amendments to Social Fund budgetMedicalSeedeficitLegalSeeDeficitbudget surplus
Budget surplusThe amount by which government revenues exceed government spending.Budget SurplusThe amount by which revenue exceeds expenditures. A budget surplus means that the budget is likely healthy, at least in the short-term, and that the government, company or individual it regards does not have to resort to borrowing. A company must have a budget surplus in order to make a profit. See also: Deficit.budget surplus a surplus of TAXATION receipts over GOVERNMENT EXPENDITURE. Budget surpluses are used as an instrument of FISCAL POLICY to reduce the level of AGGREGATE DEMAND in the economy. See BUDGET (government), BUDGET DEFICIT, PUBLIC SECTOR DEBT REPAYMENT. |