Akademik

budget deficit
The amount by which government spending exceeds government revenues. Bloomberg Financial Dictionary

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budget deficit budget deficit deficit

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   The amount by which spending exceeds revenues. It usually refers to government spending and revenues.
   ► See also Budget.

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budget deficit UK US noun [C] ECONOMICS, FINANCE
the amount of extra money that a government needs because it has spent more money than it earned: »

The White House says the federal government will run a $9 trillion budget deficit over the next decade.

Compare BUDGET SURPLUS(Cf. ↑budget surplus)

Financial and business terms. 2012.