Meaning of BUDGET DEFICIT in English

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.

[See also: budget , budget surplus , national debt , fiscal policy ]

English glossary of political economy terms.      Английский глоссарий политико-экономических терминов.