government deficits
Government deficits refer to the financial situation where a government's expenditures exceed its revenues or incomes. It signifies that a government is spending more money than it is earning, resulting in a negative budget balance and a cumulative increase in public debt over time.
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Related Concepts (1)
Similar Concepts
- budget deficits
- federal deficit
- government borrowing
- government budget
- government budget deficit
- government budgets
- government debt
- government expenditures
- government funding
- government grants
- government liabilities
- government savings
- government spending
- government spending and budget deficits
- government transfers