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New page: The amount by which outlays exceed receipts in a given fiscal period. (A surplus would be the amount by which receipts exceed outlays.)<ref>http://www.senate.gov/pagelayout/reference/b...
The amount by which outlays exceed receipts in a given [[fiscal period]]. (A surplus would be the amount by which receipts exceed outlays.)<ref>http://www.senate.gov/pagelayout/reference/b_three_sections_with_teasers/glossary.htm</ref>

== References ==
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<references />

[[Category: Constitution]]
[[Category: United States law]]
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