From ACT Wiki
- Any plan expressed in monetary terms.
- 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.
- 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.
- Similar formal statements made by the finance ministers of other governments, or by the responsible officers of other organisations.