A budget is balance when expected total revenue is

A budget is balanced when the expected total revenue is equal to the expected total expenditure. This means that the budget is in equilibrium, with no deficit or surplus. It indicates that the government or organization has planned their income and spending in a way that ensures they do not spend more than they can afford. When the expected revenue is greater than the expected expenditure, it is called a surplus budget, and when the expected revenue is less than the expected expenditure, it is called a deficit budget.