Budget Surplus

A budget surplus is a situation in which a government, business, or individual has more money coming in than going out. It is the opposite of a budget deficit, which occurs when more money is spent than is taken in. A budget surplus can be used to pay down debt, invest in infrastructure, or save for future needs. It is an important tool for governments and businesses to manage their finances and ensure long-term financial stability.

History of Budget Surplus

The concept of budget surplus has been around since ancient times. In the Roman Empire, for example, the government would collect taxes and then use the surplus to fund public works projects. In the Middle Ages, kings and queens would use budget surpluses to build castles and other fortifications. In the modern era, governments have used budget surpluses to fund public services, infrastructure, and other investments.

In the United States, the federal government has had a budget surplus in some years since the late 19th century. The most recent budget surplus occurred in 1998, when the government had a surplus of $69 billion. Since then, the federal government has had a budget deficit in every year except for 2001 and 2018.

Comparison Table

Summary

A budget surplus is a situation in which a government, business, or individual has more money coming in than going out. It is an important tool for governments and businesses to manage their finances and ensure long-term financial stability. For more information about budget surpluses, visit the websites of the U.S. Treasury Department, the International Monetary Fund, or the World Bank.

See Also

• Budget Deficit
• Tax Revenue
• Public Debt
• Government Spending
• Fiscal Policy
• Monetary Policy
• Debt Ceiling
• Inflation
• Deficit Spending
• Balanced Budget

Do you like the post? Share it now: