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

Hochul’s pied-à-terre tax aimed to help make a dent in New York City’s estimated $12 billion budget deficit.

From The Wall Street Journal • May 15, 2026

The budget deficit has already swollen close to the planned target for the whole year.

From BBC • May 8, 2026

The latter in particular may mean a higher government budget deficit that requires the issuance of more U.K. government bonds, pressuring prices.

From MarketWatch • May 6, 2026

Carlisle sharply criticized homelessness spending, saying it has gone unchecked amid a budget deficit.

From Los Angeles Times • May 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