|
|
Budget deficit |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Budget deficitThe negative of the budget surplus; thus the excess of expenditure over income.Budget deficitThe amount by which government spending exceeds government revenues.Budget deficitThe gap between government spending and revenue and thus the amount that needs to be borrowed. Definition varies between countries.Similar MatchesDeficitDeficit1. In the balance of payments, or in any category of international transactions within it, the deficit is the sum of debits minus the sum of credits, or the negative of the surplus. 2. In the government budget, the deficit is the excess of government expenditures over receipts from taxes. Federal deficit (surplus)Federal deficit (surplus)When federal government expenditures are exceeded by federal government revenue. DeficitDeficitAn excess of liabilities over assets, of losses over profits, or of expenditure over income. Current account deficitCurrent account deficitDebits minus credits on current account. See deficit. Deficit financingDeficit financing1. The method used by a government to finance its budget deficit, that is, to cover the difference between its tax receipts and its expenditures. The main choices are to issue bonds or to print money. 2. The assumption that a change in government spending or taxes will be financed by a change in the government budget deficit, rather than by an accomodating additional change in spending or taxes to keep the budget balanced. Example: a "deficit-financed increase in government purchases." Further SuggestionsTrade deficitDeficit spending Cash deficit Foreign trade deficit Fiscal deficit Capital account deficit Balance of payments deficit |
|
|
|