The United States government has only achieved a budget surplus four times since 1970. It happened during consecutive years from 1998 until 2001. A budget deficit , by contrast, is the result of ...

The definition was first added to the city's budget in 2025 to better meet the requirements for the Government Finance Officer's Association's budget award.

Understanding a Balanced Budget. The phrase "balanced budget" is commonly used in reference to official government budgets. For example, governments may issue a press release stating that they ...