Budget surplus
Budget surplus
Glossary of business
Definition of budget surplus
A budget surplus (the opposite to a deficit) is a situation where the level of spending by the government (public expenditure) is less than the level of revenue they receive from taxation. The budget surplus in the UK is referred to as a negative Public Sector Net Cash Requirement (PSNCR).
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Terminology about business
Job world
Definition and meaning of budget surplus
Meaning of budget surplus
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