budget deficits
Budget deficits refer to the financial situation when a government's expenditures exceed its revenues within a specified time period, typically a year. It essentially means that the government is spending more money than it is bringing in through sources like taxes and other revenues.
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Related Concepts (26)
- austerity measures
- bond markets
- credit rating agencies
- crowding out private investment
- debt sustainability
- deficit financing
- economic growth
- economic stability
- entitlement programs
- fiscal policy
- fiscal sustainability
- government borrowing
- government spending
- government spending cuts
- inflation and fiscal sustainability
- inflationary pressure
- macroeconomic policy
- macroeconomic stability
- national debt
- policy implications
- political implications
- public finance
- social security
- sovereign debt crisis
- taxation
- trade deficit