Explore: Budget Surpluses

surpluses or deficits across these three sectors must be zero by definition. For example, if there is a foreign financial surplus (or capital surplus)

bans surpluses and requires the state to refund taxpayers in event of a budget surplus. The last time that the budget was balanced or had a surplus was

debt. The monetary mechanism describing how revenue surpluses enforce corresponding expense surpluses, and how these in turn lead to economic breakdown

which was in effect until 2002. Balanced budgets did not actually emerge until the late 1990s when budget surpluses (not accounting for liabilities to the

term, he signed the Omnibus Budget Reconciliation Act of 1993, which raised taxes and set the stage for future budget surpluses. He signed the bipartisan

Oregon kicker, which bans surpluses of more than 2% of revenue by refunding the money to the taxpayers. State balanced budget requirements do not apply

expenditures (a budget surplus), while a negative (−) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by

but the Treasury was unable to pay each down fully with only limited budget surpluses. To solve this problem, the Treasury refinanced the debt with variable

of Receipts, Outlays, and Surpluses or Deficits (-) as Percentages of GDP: 1930–2017" (PDF). Office of Management and Budget. Retrieved April 16, 2012

percentage share of that country's GDP; for countries running budget surpluses, a surplus-to-GDP ratio measures a country's annual net fiscal gain as a