Economics GCSE
Balanced budget
What Balanced budget means in Economics GCSE, as defined for AQA.
Definition of Balanced budget
Check what you remember
Read the wording for your board, then hide it and explain Balanced budget in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A situation where government revenue, primarily from taxation, exactly equals government expenditure in a given financial year.
Topics that use Balanced budget
- Fiscal policy (AQA GCSE)
Related terms
- Budget balance
- Budget deficit
- Budget surplus
- Economic growth
- Fiscal policy
- Government revenue
- National debt
- Public expenditure
Using Balanced budget in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge