A surplus is the amount of an asset or resource that exceeds the portion that is utilized. A surplus is used to describe many excess assets including income, profits, capital and goods. A surplus often occurs in a budget, when expenses are less than the income taken in or in inventory when fewer supplies are used than were retained. Budget surplus, occurs when income is higher than expenses, and it often deals with governments. A surplus is seen as positive, as it means the entity is using its money wisely. Budget surplus is the same as savings for an individual.