Is it necessary to burn more calories than you intake to lose fat?

Is it necessary to burn more calories than you intake to lose fat? Price Details:

Price Update : December 27, 2011
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I have been lifting weights for about 3 weeks, and I have lost a few pounds, and noticeably gotten stronger. I wish to increase the amount of fat burn from a few pounds to around 20 pounds in a month or so. I do a moderate amount of cardio and eat very healthily. (1500 Calories Daily)

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Is it necessary to burn more calories than you intake to lose fat?

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