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

Capital Economics said Hungary’s budget deficit could narrow toward 3.5-4.0% of gross domestic product over the coming years, from around 5.5% this year, under the new government.

From The Wall Street Journal • Apr. 13, 2026

The U.S. budget deficit grew slightly in March in part due to lower corporate taxes and higher tax refunds.

From Barron's • Apr. 10, 2026

The move higher in gilt yields also came after data on Friday showed a larger-than-expected budget deficit in February of £14.3 billion.

From MarketWatch • Mar. 20, 2026

The Board of Education narrowly approved the cuts in February as part of a plan to reduce a projected budget deficit.

From Los Angeles Times • Mar. 19, 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