budget deficit

Definitions

Accounting

• noun a deficit in personal finances where a household will borrow to finance large purchases which cannot be made out of income alone

Economics

• noun the deficit in a country’s planned budget, where income from taxation will not be sufficient to pay for the government’s expenditure. It has to be financed by borrowing.

Politics

• noun the amount by which what a government spends is more than what it receives in tax and other income

Nearby Definitions of “budget deficit”

• bubble
• buck
• bucket
• buckle
• budget
• budget deficit
• buff
• buffer
• bug
• bugger
• bulb

Contexts for “budget deficit”

3 definitions in context
• Accounting
• Economics
• Politics