Financial balance

The financial balance of public budgets as defined by public finance statistics is the balance of adjusted expenditure and revenue data plus or minus the balance of internal offsetting items. If the revenue exceeds the expenditure of public budgets, there is a financial surplus. If the expenditure is higher than the revenue, there is a financial deficit. The government deficit shown in national accounts differs from the financial balance of public budgets because it is obtained according to other concepts that are internationally comparable.