What is the definition of a budget deficit?Resource Allocation:Resource allocation is a vital element of economics as it is associated with the efficient use of resources like finance, labor, technology, land, and other economic factors to produce the final output without wasting any input in ...
Related to Budgetary deficit: Budget deficitsdef·i·cit (dĕf′ĭ-sĭt) n. 1. a. Inadequacy or insufficiency: a deficit in grain production. b. A deficiency or impairment in mental or physical functioning. 2. a. The amount by which a sum of money falls short of the required or...
Definition of Budget deficit Budget deficit The amount by which government spending exceeds government revenues. Budget Deficit The excess of government spending over tax receipts. Related Terms: Deficit See budget deficit. National Debt The debt owed by the government as a result of earlier ...
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The governor will discuss the state'sbudgetdeficit/surplus. abudgetcrisis budgetcuts b[count]:a plan used to decide the amount of money that can be spent and how it will be spent We'll have to work out abudgetso we can buy a new car. ...
The meaning of BROAD is having ample extent from side to side or between limits. How to use broad in a sentence. Synonym Discussion of Broad.
a. The amount by which a sum of money falls short of the required or expected amount; a shortage: large budget deficits. b. A business loss. 3. An amount that quantifies an unfavorable condition or position: rallied from a three-game deficit to win the playoffs. [French déficit, from...
Implications of Budget Deficit Increased aggregate demand:It implies reduced taxation and increased government spending. It has an impact on theaggregate demandthat promotes economic growth. Boost the economy during the recession:Following a recession, the economy tends to foster a marginal decrease in ...
Inadequacyorinsufficiency: adeficitingrainproduction. from The American Heritage Dictionary of the English Language, 4th Edition The amount by which asumofmoneyfallsshortof therequiredorexpectedamount; ashortage:largebudgetdeficits. from The American Heritage Dictionary of the English Language, 4th Edition...
budget deficitbalanced budgetfiscal policyThe debate over legal requirements of a balanced federal budget has gained new life. A requirement would have strong implications for future fiscal policy. Donedoi:10.2139/ssrn.2536115Larson, Sven RSocial Science Electronic Publishing...