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A balanced budget generally refers to official govt budgets eg,politician addressing press release say the hv a balanced budget which means revenue=expenses or rev>exp bt not vice versa
The “balanced budget” is commonly used in reference to official government budgets. For example, governments may issue a press release starting that they have a balanced budget for the upcoming fiscal year, or politicians may campaign on a promise to balance the budget once in office.
Explanation
Balanced budget is a rare situation when a government’s income which primarily comes from taxes and duties, etc., equals its total expenditures, such as defense, social security, science, energy and expenditure on infrastructure, etc.
Statement form
The United States federal budget for financial 1913 and 1914 is a good example of balanced budget.
In financial year 1913 the government’s expenditures amounted to $715 million while its income was $714 million. We can say that the government’s total expenditures roughly equaled its total income.
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