Meaning of the word "budget surplus" in English

What does "budget surplus" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

budget surplus

US /ˈbʌdʒɪt ˈsɜːrpləs/
UK /ˈbʌdʒɪt ˈsɜːrpləs/
"budget surplus" picture

Noun

1.

a situation in which a government's income is greater than its spending over a specific period

Example:
The country achieved a significant budget surplus last year due to strong economic growth.
A sustained budget surplus can lead to reduced national debt.
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