Raising taxes while cutting speanding leads to a budget surplus? Who'da thunk it...
Note, this is actually a way (albeit not a good one) to increase your approval. If you crank up your taxes to the point that your approval is in the red (single digits are best) then your citizens will leave your empire in droves. Once that happens, you can reduce your taxes, and have a higher aproval due to the reduced population.
Side effects may include: revolts, economic collapse, and vilification by the masses in exodus.