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

They have been impacted by trade flows and the massive budget deficit.

From Barron's

He also faces the challenge of closing a yawning budget deficit for the coming fiscal year.

From The Wall Street Journal

“Senate faculty need full, trustworthy accounting of decisions and policies that caused the current campus budget deficit,” she said.

From Los Angeles Times

But its war-time economic worries are mounting, with growth stagnating and a ballooning budget deficit as oil revenues -- choked by sanctions -- drop to a five-year low.

From Barron's

But its wartime economic worries are mounting, with growth stagnating and a ballooning budget deficit as sanction-hit oil revenues drop to a five-year low.

From Barron's