surplus

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surplus

Economics
a. an excess of government revenues over expenditures during a certain financial year
b. an excess of receipts over payments on the balance of payments
References in periodicals archive ?
It is these observations that appear to be causing economists to raise their forecasts of the economy's long-term growth rates and budget surpluses.
Indeed, in anticipation of future surpluses, the rate of growth of federal discretionary spending has, over the past two budget cycles, accelerated above the so-called budget caps members of both parties agreed to in their so-called balanced budget agreement.
Those deficits were a cash-flow crisis, he said, and the surpluses are a cash-flow windfall.
Japan has trade surpluses with many of its neighbors such as Korea and Taiwan and Hong Kong.
It is these observations that appear to be causing economists, including those who contributed to the Office of Management and Budget (OMB) and the CBO budget projections, to raise their forecasts of the economy's long-term growth rates and budget surpluses.
And it appears that both the Administration and the Congress have wisely chosen to wall off the bulk of the unified budget surpluses projected for the next several years and allow it to build.
According to the newspapers and politicians, our unemployment was never so low and we have surpluses not of millions, but billions and trillions.
It is Davis, the Democrat, who is urging caution on spending proposals, saying that revenue surpluses are not easily predicted.
In particular, the large budget surpluses that are projected over the next fifteen years or so, if they are permitted to materialize, will significantly improve our fiscal and economic position as the baby boom starts to retire.
Altogether, 186 schools generated surpluses totaling $45 million.
The deficit dropped to its lowest level in more than two decades in fiscal 1997, and yesterday the Congressional Budget Office (CBO) released projections that show the budget remaining essentially in balance over the next few years, moving to annual surpluses equal to 1 percent of gross domestic product by the middle of the next decade.