budget deficit
DefinitionThe 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.
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budget deficit is ...
... part of the Accounting and Economy subjects.
... part of the Accounting and Economy subjects.
Related Terms
red ink, trade deficit, balanced budget, Reaganomics, Revenue Reconciliation Act of 1993, Tax Reform Act of 1993, Economic Recovery Tax Act of 1981, S&L Crisis
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