Economics GCSE
Budget balance
What Budget balance means in Economics GCSE, as defined for AQA.
Definition of Budget balance
Check what you remember
Read the wording for your board, then hide it and explain Budget balance in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The outcome when revenues and spending are compared, resulting in a surplus, a deficit, or a balanced budget if they are equal.
Topics that use Budget balance
- Fiscal policy (AQA GCSE)
Related terms
- Balanced budget
- Budget deficit
- Budget surplus
- Economic growth
- Fiscal policy
- Government revenue
- National debt
- Public expenditure
Using Budget balance 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