balancebalance2 verb1[transitiveT]ACCOUNTING to calculate the amount needed to make the debit side and the credit side of an account equal, perhaps by looking for mistakes 2[intransitiveI]ACCOUNTING if the debit and credit sides of an account balance, they show the same amounts
3balance the accounts/books/budgetACCOUNTING to do what is necessary to spend no more than the amount of money received, usually by a governmentCosta Rica has worked on programs with the International Monetary Fund to balance its accounts.
Real differences exist between the administration and Congress over how to balance the budget and where to cut taxes.