A balanced budget occurs when __________.

Name: A balanced budget occurs when __________.
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Question

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A balanced budget occurs when the government's total spending is equal to its total revenue, meaning there is no budget deficit (spending exceeds revenue) or budget surplus (revenue exceeds spending). This can be achieved through a combination of increasing revenue (such as through taxes) and decreasing spending (such as through cutting programs or reducing government waste).

A Balanced Budget Occurs When __________