Question

define Equal budget....?

Answer 1

A balanced budget is a situation in financial planning or the budgeting process where total revenues are equal to or greater than total expenses. A budget can be considered balanced in hindsight, after a full year's worth of revenues and expenses have been incurred and recorded. A company's operating budget for an upcoming year can also be called balanced based on predictions or estimates.

Answer 2

A balanced budget refers to a budget in which revenues are equal to expenditures.