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Budget Balance Formula

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Budget Balance occurs when government revenue is equal to government spending. Check FAQs

S = T - G - TR

S - Budget Balance?T - Tax Revenue?G - Government Consumption?TR - Transfer Payments?

Budget Balance Example

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With units

Only example

Here is how the Budget Balance equation looks like with Values.

Here is how the Budget Balance equation looks like with Units.

Here is how the Budget Balance equation looks like.

703000 = 820000 - 78000 - 39000

703000 = 820000 - 78000 - 39000

703000 = 820000 - 78000 - 39000

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Budget Balance Solution

Follow our step by step solution on how to calculate Budget Balance?

FIRST Step Consider the formula

S = T - G - TR

Next Step Substitute values of Variables

∴

S = 820000 - 78000 - 39000

Next Step Prepare to Evaluate

∴

S = 820000 - 78000 - 39000

LAST Step Evaluate

∴

S = 703000

Budget Balance Formula Elements

Variables

Budget Balance

Budget Balance occurs when government revenue is equal to government spending.

Symbol: S

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Budget Balance

Tax Revenue

Tax Revenue is money collected by a government body from its constituents for public spending.

Symbol: T

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Tax Revenue

Government Consumption

Government consumption refers to the spending by a government on goods and services that are consumed to directly satisfy the needs and wants of citizens.

Symbol: G

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Government Consumption

Transfer Payments

Transfer Payments refers to a payment made or income received in which no goods or services are being paid for, such as a benefit payment or subsidy.

Symbol: TR

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Transfer Payments

Other formulas in Public Finance category

Go Tax Incidence for Customers

TI = 100 \cdot (\frac{E S}{E D + E S})

Go Tax Incidence for Producers

TI = 100 \cdot (\frac{E D}{E D + E S})

Go Tax Burden for Customers

TB r = \frac{E S}{E D + E S}

Go Tax Burden for Suppliers

TB r = \frac{E D}{E D + E S}

How to Evaluate Budget Balance?

Budget Balance evaluator uses Budget Balance = Tax Revenue-Government Consumption-Transfer Payments to evaluate the Budget Balance, The Budget Balance is a situation in financial planning or the budgeting process where total expected revenues are equal to total planned spending. Budget Balance is denoted by S symbol.

How to evaluate Budget Balance using this online evaluator? To use this online evaluator for Budget Balance, enter Tax Revenue (T), Government Consumption (G) & Transfer Payments (TR) and hit the calculate button.

FAQs on Budget Balance

What is the formula to find Budget Balance?

The formula of Budget Balance is expressed as Budget Balance = Tax Revenue-Government Consumption-Transfer Payments. Here is an example- 703000 = 820000-78000-39000.

How to calculate Budget Balance?

With Tax Revenue (T), Government Consumption (G) & Transfer Payments (TR) we can find Budget Balance using the formula - Budget Balance = Tax Revenue-Government Consumption-Transfer Payments.

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Budget Balance Formula

Budget Balance Example

Budget Balance Solution

Budget Balance Formula Elements

Other formulas in Public Finance category

How to Evaluate Budget Balance?

FAQs on Budget Balance

Variable Name