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. 2012