To be balanced spending and revenues must be equal. In recent years lefty governments have tried to add in borrowing and still call it balanced.WHich it is not. That would be deficit.
Not counting spending. That’s like saying my house cost me $0 if you don’t count what I paid for it.
I could put a hundred grand a year in the bank if I didn't count spending.
Nice thing about this lefty math is you are rich and didn't know it. Best part is the grandkids will pay for it.