Federal Deficit

Definition

The amount by which a government's expenditures exceed its tax revenues. The difference is made up for by borrowing from the public through the issuance of debt. also called Federal Debt.

Use Federal Deficit in a sentence

The federal deficit was too high and it caused us all to feel a little nervous because it had never happened before.

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We seem to be rather happy in the united states, but one can`t help but wonder when we will finally have to deal with the growing federal deficit.

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My local congressman opposed the new spending bill because he thought it would add to the federal deficit and our government would only continue spending more than it brought in in taxes.

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National Debt budget deficit