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 expected amount; a shortage: large budget deficits. b. A business loss. 3. An amount...
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 ...
Related to Budgetary deficit:Budget deficits Deficit A deficiency, misappropriation, or defalcation; a minus balance; something wanting. Deficit is commonly used to mean any kind of shortage, as in an account, a number, or a balance due. Deficit spending or financing involves taking in less mo...
The director always goesover budgeton his films. [=the director always spends more money than is planned] —often used before another noun The governor will discuss the state'sbudgetdeficit/surplus. abudgetcrisis budgetcuts b[count]:a plan used to decide the amount of money that can be spen...
Examples of Budget Deficit Example #1 The US government decided to increase its revenue collections in the year 2019. However, Covid-19 created chaos in the country. A large chunk of the population was out of work. As a result, the US government decided to launch social security schemes for...
a hearingdeficit b :disadvantage scored two runs to overcome a 2–1deficit 2 a :an excess ofexpenditureoverrevenue facing adeficitof $3 billion raise taxes to help reduce the budgetdeficit b :a loss (seelosssense 4b) in business operations ...
genus Melopsittacus,Melopsittacus- a genus of Psittacidae Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. Translations Spanish / Español Select a language: pericoperiquito budgie →perico,periquito ...
Examine the budget deficit definition and the causes of budget deficits. Find out how government budget deficits affect the economy and learn...
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Types of Government Deficits The two primary types of deficits a nation can incur are budget deficits and trade deficits. Budget Deficit Abudget deficitoccurs when a government spends more in a given year than it collects in revenues, such as taxes. For example, if a government takes in $10...