What does a government often do with a budget surplus?

Pay back bondholders

The government had a surplus during some of Hoover's years in office . There was a 12-month period during which there was a surplus under Clinton . Of course, Congress controls the budget, the...

If you are budgeting money, then budget surplus refers to money that is left unspent. If you were budgeting say time, then budget surplus refers to unused time.

The Clinton years had a surplus. When Bush took office he had a surplus to work with and he used it.

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