budget balance

What is budget balance?

budget balance definition and meaning on Finance terms:
Net lending/borrowing of the general government sector, i. e. the net amount of revenue which is either placed by the government at the disposal of other sectors, or provided by other sectors to the government. It corresponds to the difference between total government revenue and total government expenditure. <


reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html