A Budget Surplus Results When
The federal government’s budget surplus; that is, A Budget Surplus Results When
the extent to which government revenues exceed government spending. The surpluses in the United States budget experienced during the late 1990s were the result of a strong U.S. economy, low interest rates, and cuts in defense spending. These budget surpluses followed a prior period of large budget deficits during the 1980s. Budget surpluses may also be the result of political forces and administrations with alternative fiscal scenarios. Budgetary revenues were up $1.5 billion, or 7.6 per cent. Program expenses were also up, by $0.9 billion, or 6.4 per cent.