Topics
Budget Surplus
A budget surplus occurs when government tax revenues are greater than spending in a given fiscal year.
At the national level, a budget surplus can be seen as a sign of a healthy economy and may be used to pay down debt, invest in infrastructure or other long-term projects, or provide tax relief to citizens. However, a budget surplus can also be seen as a negative outcome if it is achieved through austerity measures that cut essential services or harm the most vulnerable members of society.
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Argentina’s Austerity Gamble: Inflation Drops, But Poverty Soars
2nd October 2024
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Ireland’s Budget Conundrum: A Surplus of Opportunities or Missed Chances?
7th September 2024
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IB Economics - The Budget Outcome
Study Notes
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What is meant by fiscal austerity?
Study Notes
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Fiscal Policy Introduction (Online Lesson)
Online Lessons
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Economics of a Budget (Fiscal) Surplus
Topic Videos