balance the books

balance the books

1. Literally, to ensure that the figures regarding credit and debit are correct and to determine the remaining balance, as in a business or in personal finance. I had to stay at work for an extra two hours last night balancing the books.
2. By extension, to try and make up the deficit in a given budget by increasing revenue or income. The President laid out a new economic plan to try to balance the books by increasing taxes on the wealthy.
See also: balance, book

balance the books

1. Add up the debits and credits of an account and determine the difference; also, bring the two sides into equilibrium. For example, It's Joe's job to balance the books each quarter. [Late 1500s]
2. Settle an account by paying what is due, as in We can't balance the books till your last check clears. [Early 1700s]
See also: balance, book
References in periodicals archive ?
JURGEN KLOPP insists Liverpool don't have to balance the books following the PS75million capture of Virgil van Dijk.
Without extra cash or reforms to ease pressure on services, health chiefs will be forced to take "unpalatable" decisions to balance the books, it said.
All that the politicians are doing is trying to balance the books.
Mr Clegg said: "If you vote for the Liberal Democrats, public sector workers will be secure in the knowledge that their pay over the next two years, as we continue to balance the books, will not be cut any further in real terms and, once you balance the books, it will return to normal public sector pay levels.
A report by the International Monetary Fund (IMF) has called into question whether any party would be able to balance the books in the next parliament, Sky News reported on Thursday.
They want to ask the poorest to make additional sacrifices whilst not asking the richest to pay an additional penny through the tax system to balance the books.
So Labour will balance the books in the next parliament.
A thing of beauty is a joy forever' but not if KirKlees sells our WORKS of art to balance the BOOKS.
Shadow chancellor Ed Balls pledged that the highest earners - those on more than PS150,000 - would pay more income tax as part of a Labour government's plan to balance the books.
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In fact, at this rate, it will take 400 years to balance the books.
I've got a better idea, if he wants to try and balance the books to raise extra revenue, why not an increase in council tax on private homes with an excess of four bedrooms, where every room in excess of four will be charged extra if not used on a regular basis, providing an exception for stately homes used to attract tourists?
He said: "We have worked tirelessly to find ways of implementing the Government's cuts while minimising the scale of the task in attempting to balance the books in the face of the harshest cuts in living memory.
And they said 500,000 public sector workers were likely to have their pay frozen for five years to balance the books.
Punting low extra The (loud) optimism in the stands at Cheltenham that Qhilimar would win because Razor Royale wouldn't stay Punting high The exacta on Weird Al and Knockara Beau rescued the situation, and siding with Tranquil Sea in the Paddy Power after much deliberation helped balance the books Punting high extra Tranquil Sea won so easily that I'd definitely back him at 10-1 for the Ryanair if it were tomorrow, and Weird Al would have been a much more convincing winner had he jumped better, so 33-1 for the RSA Chase is rather tempting, assuming he improves his fencing