budget deficit


The amount by which a government, company, or individual's spending exceeds its income over a particular period of time. also called deficit or deficit spending. opposite of budget surplus.

Use budget deficit in a sentence

My boss decided to run for Congress and campaigned to reduce the amount of money the government spends to be even with the tax revenue the government collects and thereby eliminate the budget deficit.

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For years, the United States government has had a budget deficit because they continue to spend more than they bring in from taxes.

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If you are in a budget deficit it will be time to tighten up your spending and wait for the profits to come in.

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Revenue Reconciliation Act of 1993 Economic Recovery Tax Act of 1981