1. A budget in which total revenues equal total expenditures, resulting in neither a surplus nor a deficit
The government aims to achieve a balanced budget by increasing taxes and reducing spending.
O governo pretende alcançar um orçamento equilibrado aumentando os impostos e reduzindo despesas.
2. In personal finance, a budget where income equals or exceeds expenses
She finally managed to maintain a balanced budget after cutting unnecessary expenses.
Ela finalmente conseguiu manter um orçamento equilibrado após cortar despesas desnecessárias.