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- n. A (usually government) budget in which income and expenditure are equal over a set period of time.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a budget is balanced when current expenditures are equal to receipts
Sorry, no etymologies found.
The Gramm-Rudman-Hollings Act of 1985 required projections of gradual deficit decline to a balanced budget over several years.