Ans. A balanced budget is one in which total anticipated revenues and total anticipated expenditures are equal. Although mostly utilised for government budgets, the idea is still relevant to other organisations as long as they generate income and spend money. After a year's worth of revenues and expenses have been recorded and incurred, a budget can be regarded as a balance. Additionally, a company's operating budget for the following year can also be seen as balanced based on its projections or estimates.