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budget deficit
This term is primarily used in economic and political discourse to describe a fiscal imbalance. It carries a negative connotation of financial instability or mismanagement, though in some macroeconomic theories, a strategic deficit is viewed as a tool for stimulating economic growth during recessions.
While "deficit" can refer to any shortage, "budget deficit" specifically targets the gap between spending and income within a formal budgetary framework. It is distinct from "national debt," which is the cumulative total of all past deficits minus any surpluses.
Meanings
Examples
The government is struggling to reduce the budget deficit after years of overspending.
The government is struggling to reduce the budget deficit after years of overspending.
We cannot afford another year of this massive budget deficit.
The new policy aims to eliminate the budget deficit by the end of the fiscal year.
How are we supposed to fund the new hospital with such a huge budget deficit?
The budget deficit widened significantly due to the unexpected economic downturn.
The budget deficit widened significantly due to the unexpected economic downturn.
I wonder if the administration will actually implement austerity measures to tackle the budget deficit.
I wonder if the administration will actually implement austerity measures to tackle the budget deficit.
The report highlights a growing budget deficit that could lead to higher taxes.
They are borrowing heavily to cover the current budget deficit.