budget deficit
amount by which spending exceeds income (resulting in a negative balance) | ||||
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Budget deficit definition was found in categories: Business & Finance(1) Language, Idioms & Slang(1) Social Science(1) Encyclopedia(1)
Budget deficit Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
Budget deficit
The amount by which government spending exceeds government revenues.
The amount by which government spending exceeds government revenues.
Budget deficit Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
budget deficit
Noun
1. an excess of expenditures over revenues
(hypernym) deficit
(hyponym) federal deficit
Noun
1. an excess of expenditures over revenues
(hypernym) deficit
(hyponym) federal deficit
| A Glossary of Political Economy Terms |
Budget deficit
The amount by which total government spending is more than government income during a specified period; the amount of money which the government has to raise by borrowing or currency emission in order to make up for the shortfall in tax revenues.
The amount by which total government spending is more than government income during a specified period; the amount of money which the government has to raise by borrowing or currency emission in order to make up for the shortfall in tax revenues.
[See also: budget, budget surplus, national debt, fiscal policy]
Budget deficit Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Deficit
A budget deficit occurs when an entity (often a government) spends more money than it takes in. The opposite is a budget surplus.
An accumulated deficit over several years (or centuries) is referred to as the government debt. Often, a certain part of spending is dedicated to paying of debt with certain maturity, which can be refinanced by issuing new government bonds. That is, a fiscal deficit leads to an increase in an entity's debt to others. A deficit is a flow. And a debt is a stock. Debt is essentially an accumulated flow of deficits.
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