Government budget balance
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A government budget is a government document presenting the government's proposed revenues and spending for a financial year. The government budget balance, also alternatively referred to as general government balance, public budget balance, or public fiscal balance, is the overall difference between government revenues and spending. A positive balance is called a government budget surplus, and a negative balance is a government budget deficit. A budget is prepared for each level of government (from national to local) and takes into account public social security obligations.
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See also
- Current account
- Fiscal policy
- Generational accounting
- Government budget
- Government debt
- List of countries by current account balance
- Public finance
- Sectoral balances
- U.S.-specific
- Deficit hawk
- Fiscal policy of the United States
- National debt by U.S. presidential terms
- Starve-the-beast
- Taxation in the United States
- United States federal budget
- United States public debt
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