A Glossary of Political Economy Terms

by Dr. Paul M. Johnson

Budget surplus

The amount by which government revenues are more than government spending during a specified period.

See also:

• budget,
• budget deficit,
• national debt,
• tax,
• fiscal policy

A Glossary of Political Economy Terms copyright © 1994-2005 Paul M. Johnson

Department of Political Science, 7080 Haley Center, Auburn University, Auburn, AL 36849