Question

Should the federal budget always be balanced? If yes, why yes? If no, why no? with the online sources

Answer 1

No, it may be deficit budget if required or may be surplus budget or may be balance.

Deficit budget if government want to increase demand in the economy by infusing money through fiscal expansionary measures.recently USA government as well as other countries government give fiscal stimulas package to comes out from covid 19 generated recession.

If economy is growing at decent pace then government can impose enough taxation to increase it revenue and this fiscal expenditure is less compare to revenue collected and such type of budget is surplus budget.

Otherwise it may be balance budget. That's why federal budgets not always balanced budget.