budget deficit

British  

noun

1. the amount by which government expenditure exceeds income from taxation, customs duties, etc, in any one fiscal year

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Example Sentences

Unified warns of likely staff layoffs and future budget deficits.

From Los Angeles Times

He worried, incorrectly as it turned out, that ultralow interest rates and high budget deficits in the years immediately after the financial crisis would lead to high inflation.

From The Wall Street Journal

Takaichi is far from that point: markets calmed in the following days, and Japan's modest budget deficit allows it to absorb shocks.

From Barron's

“Coming out of COVID, we had very wide fiscal deficits,” but now, even after unemployment has been reduced, “budget deficits remain wide across the developed world.”

From MarketWatch

Leaders of the group said it would reduce the budget deficit by $1 trillion and could pass with a simple majority.

From Los Angeles Times