When the government aims to balance its budget, it primarily tries to ensure that revenue is greater than spending.
borrowed funds can be repaid.
taxes remain the same.
spending matches revenue.

spending matches revenue.

Explanation:

Here are general terms that are usually used by the government in order to show the condition of their budget at the end of each presidential terms:

If the Revenue is greater than spending  - Surplus

If the Spending is Greater than Revenue - Deficit

If the Spending is equal to the  Revenue - Balanced

In a Balanced condition, the government managed to efficiently use all the funds from the proposed budget to pay for all the programs that they created during the presidential terms.

Ideally, every presidential terms will always aim to either get a Surplus or Balanced Budget at the end of their terms. Deficit condition usually lead to an increase of National's Debt.

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