Budget: Difference between revisions
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Revision as of 14:11, 23 October 2012
1. Any plan expressed in monetary terms.
2. The level of taxation minus government spending. A budget surplus is where taxation exceeds government spending. A budget deficit is where government spending exceeds taxation.
3. UK. A formal statement - normally made annually - by the UK Chancellor of the Exchequer setting out the government's taxation proposals for the next fiscal year.
See also