Budget Balance Calculator

✖Tax Revenue is money collected by a government body from its constituents for public spending.ⓘ Tax Revenue [T]			+10% -10%
✖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.ⓘ Government Consumption [G]			+10% -10%
✖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.ⓘ Transfer Payments [TR]			+10% -10%

✖Budget Balance occurs when government revenue is equal to government spending.ⓘ Budget Balance [S]

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Formula

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Budget Balance

Formula

`"S" = "T"-"G"-"TR"`

Example

`"703000"="820000"-"78000"-"39000"`

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Budget Balance Solution

STEP 0: Pre-Calculation Summary

Formula Used

Budget Balance = Tax Revenue-Government Consumption-Transfer Payments
S = T-G-TR
This formula uses 4 Variables

Variables Used

Budget Balance - Budget Balance occurs when government revenue is equal to government spending.
Tax Revenue - Tax Revenue is money collected by a government body from its constituents for public spending.
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.
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.

STEP 1: Convert Input(s) to Base Unit

Tax Revenue: 820000 --> No Conversion Required
Government Consumption: 78000 --> No Conversion Required
Transfer Payments: 39000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

S = T-G-TR --> 820000-78000-39000

Evaluating ... ...

S = 703000

STEP 3: Convert Result to Output's Unit

703000 --> No Conversion Required

FINAL ANSWER

703000 <-- Budget Balance

(Calculation completed in 00.004 seconds)

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Created by Kashish Arora

Satyawati College (DU), New Delhi

Kashish Arora has created this Calculator and 50+ more calculators!

Verified by Vishnu K

BMS College of Engineering (BMSCE), Bangalore

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< 18 Public Finance Calculators

Cost Benefit Analysis

Go Benefit Cost Ratio = (sum(x,0,Number of Periods,(Cash Flow of Benefits/(1+(0.01*Discount Rate))^x)))/(sum(x,0,Number of Periods,(Cash Flow of Costs/(1+(0.01*Discount Rate))^x)))

Marginal Propensity to Consume

Go Marginal Propensity to Consume = Consumption/(Disposable Income*(Revenue-Tax Imposed))

Tax Incidence for Customers

Go Tax Incidence = 100*(Elasticity of Supply/(Elasticity of Demand+Elasticity of Supply))

Tax Incidence for Producers

Go Tax Incidence = 100*(Elasticity of Demand/(Elasticity of Demand+Elasticity of Supply))

Tax Burden for Customers

Go Tax Burden = Elasticity of Supply/(Elasticity of Demand+Elasticity of Supply)

Tax Burden for Suppliers

Go Tax Burden = Elasticity of Demand/(Elasticity of Demand+Elasticity of Supply)

Budget Balance

Go Budget Balance = Tax Revenue-Government Consumption-Transfer Payments

Tax Multiplier

Go Tax Multiplier = ((1-Marginal Propensity to Consume)/Marginal Propensity to Save)

Tax Elasticity

Go Tax Elasticity = Change in Tax Revenue/Change in Economic Activity

Marginal Tax Rate

Go Marginal Tax Rate = Change in Taxes Paid/Change in Taxable Income

Marginal Propensity to Save

Go Marginal Propensity to Save = Change in Savings/Change in Income

Debt to GDP Ratio

Go Debt to Gdp = Total Debt of Country/Gross Domestic Product (GDP)

Budget Deficit

Go Budget Deficit = Government Expenditure-Government Income

Tax Buoyancy

Go Tax Buoyancy = Change in Tax Revenue/Change in GDP

Average Tax Rate

Go Average Tax Rate = Tax Paid/Net Income

Tax Liability

Go Tax Liability = Tax Base*0.01*Tax Rate

Tax Revenue

Go Tax Revenue = Tax Liability*Taxpayer

Laffer Curve

Go Revenue = Tax Rate*Taxable Base

Budget Balance Formula

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

What is a Balanced Budget?

A balanced budget is a situation in financial planning or the budgeting process where total expected revenues are equal to total planned spending. This term is most frequently applied to public sector (government) budgeting. A budget can also be considered balanced in hindsight after a full year's worth of revenues and expenses have been incurred and recorded.

How to Calculate Budget Balance?

Budget Balance calculator uses Budget Balance = Tax Revenue-Government Consumption-Transfer Payments to calculate 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 calculate Budget Balance using this online calculator? To use this online calculator for Budget Balance, enter Tax Revenue (T), Government Consumption (G) & Transfer Payments (TR) and hit the calculate button. Here is how the Budget Balance calculation can be explained with given input values -> 703000 = 820000-78000-39000.

FAQ

What is 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 and is represented as S = T-G-TR or Budget Balance = Tax Revenue-Government Consumption-Transfer Payments. Tax Revenue is money collected by a government body from its constituents for public spending, 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 & 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.

How to calculate 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 is calculated using Budget Balance = Tax Revenue-Government Consumption-Transfer Payments. To calculate Budget Balance, you need Tax Revenue (T), Government Consumption (G) & Transfer Payments (TR). With our tool, you need to enter the respective value for Tax Revenue, Government Consumption & Transfer Payments and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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