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Meaning of budget surplus

 

 

 

Budget surplus

 

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Business glossary

 

Meaning of term 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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Budget surplus

 

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Meaning of term budget surplus

 

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