budget deficit
Definition
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.
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Related terms:
deficit net worth, Federal Deficit, National Debt, red ink, trade deficit, balanced budget, Reaganomics, Revenue Reconciliation Act of 1993, Tax Reform Act of 1993, Economic Recovery Tax Act of 1981
'budget deficit' appears in the definitions of these other terms on BusinessDictionary.com:
budget surplus
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