budget deficit
A budget deficit refers to a situation in which a government's spending exceeds its revenue or income, resulting in a negative balance or shortfall that must be financed through borrowing.
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Related Concepts (23)
- austerity measures
- balanced budget
- countercyclical fiscal policy
- deficit spending
- economic growth
- fiscal deficit
- fiscal policy
- fiscal stimulus
- government borrowing
- government debt
- government deficits
- government revenue
- government spending
- income inequality
- interest rates
- national debt
- public debt
- public debt management
- social welfare programs
- tax cuts
- tax revenues
- trade deficit
- unemployment rates
Similar Concepts
- budget control
- budget cuts
- budget deficit controversies
- budget deficit ratio
- budget deficits
- budget surplus
- current account deficit
- cyclical deficit
- federal deficit
- government budget
- government budget deficit
- government spending and budget deficits
- revenue shortfall
- structural deficit
- trade deficits