deficit reduction
Deficit reduction refers to the efforts and strategies aimed at decreasing or eliminating a financial deficit, which occurs when a government or entity spends more money than it generates in revenue. It involves implementing measures to decrease spending, increase revenue, or a combination of both in order to improve the overall financial situation and move towards a balanced budget.
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Related Concepts (2)
Similar Concepts
- cost control and reduction
- cost reduction
- debt reduction
- defect prevention
- deficit financing
- deficit reduction strategies
- deficit reduction talks
- deficit reduction targets
- deficit spending
- deflation
- expenditure reduction
- poverty reduction
- reduction in defense spending
- structural deficit
- variance reduction