Question

When is a budget considered to be balanced?

Answer 1

A budget is considered to be balanced when the budget doesn't go over the budget. So you spend within the maximum.

Answer 2

A budget is considered balanced when the incomes are either the same or more than the outcomes.

Step-by-step explanation:

A budget is a financial process where all the movements related to money have to be programmed, controlled and compared to make the ends meet. When this happens or even better when there is a profit you can say that you have a balanced budget, not having a balanced budget causes a deficit that will take a long time to be fixed.