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

And the federal budget deficit this year is expected to be $1.9 trillion.

From MarketWatch • Jun. 25, 2026

Brasília’s budget deficit was a gaping 9.4% of GDP in April, while government debt equaled 80.4% of output, according to central bank data.

From The Wall Street Journal • Jun. 17, 2026

Economists expect further interest rate hikes, spelling potential trouble for the government's budget deficit, which it is required by law to keep at no more than three percent of GDP.

From Barron's • Jun. 14, 2026

But the next governor is going to face some really tough challenges, including a structural budget deficit that’s probably going to require both painful cuts and unpopular tax hikes.

From Los Angeles Times • Jun. 7, 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