budget deficit

British

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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budget deficit

Yet Bessent has adopted his Democratic predecessor’s use of heavy reliance on short-term Treasury bill issuance to help fund the nearly $2 trillion U.S. budget deficit.

From MarketWatch ● Sep. 16, 2026

There is also growing unease about the U.S. budget deficit.

From MarketWatch ● Sep. 11, 2026

After the budget scandal erupted in 2024, the IMF found Senegal's 2023 budget deficit was 12.3 percent of GDP, when the last government had said it was 4.9 percent.

From Barron's ● Sep. 1, 2026

Great way to cut the federal budget deficit, Mr. President.

From The Wall Street Journal ● Sep. 1, 2026

Through knowledge, political will, and perhaps some luck, we seem to have tamed inflation and the budget deficit.

From "Newjack: Guarding Sing Sing" by Ted Conover

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023