surplus

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surplus

Economics
a. an excess of government revenues over expenditures during a certain financial year
b. an excess of receipts over payments on the balance of payments
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
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When he first proposed them in 2000, Bush predicted that federal surpluses would cover the cost of tax reductions and major increases in military and other spending.
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Timely action would, in the first place, require substantial federal surpluses (say 2 percent of GDP) and a big leap in the household savings rate (from under 4 percent to over 7 percent of personal income).
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More recently, projections of gigantic federal surpluses, together with a greater need for spending on national defense, mean that the BEA is unlikely to be extended further.
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More recently, projections of surging federal surpluses partly reversed the early 1990s' rate hikes.
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Also in the realm of government activity, few things have a bigger impact on the economy and economic policy than the size and direction of federal surpluses and deficits.
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Two years ago, when the prospect of burgeoning federal surpluses arose, Clinton devised a very clever ploy to hold off Republican tax-cutters.
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