A balanced budget (平衡预算 píng héng yù suàn) refers to a situation when total expenditures are equal to total revenues and not create a surplus or deficit for the entity.
Part 1: Breakdown of Words
- Balanced (平衡 píng héng) as in “balanced diet” (平衡饮食 píng héng yǐn shí).
- Budget (预算 yù suàn) as in “financial budget” (财务预算 cái wù yù suàn), or “budget deficit” (预算赤字 yù suàn chì zì).
- Balanced (平衡 píng héng), derives from:
- Budget (预算 yù suàn), derives from:
Part 2: Examples
- Balanced budget requirements (平衡预算要求 píng héng yù suàn yāo qiú).
- Balanced budget amendment (平衡预算修正案 píng héng yù suàn xiū zhèng àn).