Economics A-Level
Budget balance
What Budget balance means in Economics A-Level, as defined for AQA.
Definitions of Budget balance
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Check what you remember
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Reference: AQA
The difference between government revenue and expenditure in a given financial year.
The annual difference between government tax revenue and expenditure.
Topics that use Budget balance
- Fiscal policy (AQA A-Level)
Related terms
- Aggregate demand and supply
- Aggregate supply
- Automatic stabilisers
- Budget deficit
- Budget surplus
- Crowding out
- Direct taxes
- Economic capacity
Using Budget balance in the exam
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