Fiscal Surplus

Definition

  • When the government receives more in revenue than it spends over the course of the year.

Synonyms
budget surplus, economic surplus, financial surplus

Related Terms and Acronyms

  • Deficit Definition,
    • When expenses surpass income or liabilities surpass assets.
  • Economic Growth Definition,
    • The rate of change in output from one year to the next.
  • Fiscal Deficit Definition,
    • When the government spends more money than it receives in revenue over the course of one year.
  • Fiscal Policy Definition,
    • The use of government spending and taxation policies to influence the economy.
  • Gross Domestic Product (GDP) Acronym,
    • The total value of all the goods and services produced by the Canadian economy in a single year.
  • North American Free Trade Agreement (NAFTA) Acronym,
    • An agreement between the United States, Canada, and Mexico that allows for freer trade between the three countries.
  • Surplus Definition,
    • When an entity's income exceeds its expenses.
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