"Fiscal surplus" refers to a situation where a government or organization has more money or revenue than it spends on expenses or commitments. It means they have extra funds left over after covering all their expenses. Full definition
But policy makers are still confused over the distinction between squeezing out a domestic fiscal surplus and the ability to pay foreign debts. (michael-hudson.com)
Preeya Malik is a licensed attorney, entrepreneur and expert on investment immigration, with an interest in trade reform and the large fiscal surpluses in oil - exporting economies, which has expanded the firm's reach to large portfolio of investor contacts in the Middle East and India. (entrepreneur.com)
The two percentage point reduction in the GST / HST from 7 % to 5 % in 2007 and 2008 eliminated the inherited fiscal surplus and resulted in a structural deficit at that time. (3dpolicy.ca)