deficit spending

American  

noun

1. the practice of spending funds in excess of income, especially by a government.

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Etymology

Origin of deficit spending

First recorded in 1935–40

Example Sentences

Deficit spending was compounded by an inability to collect tax revenue, and he was forced to devalue the peso twice at the end of his term.

From Washington Post • Jul. 9, 2022

Deficit spending can be an indispensable tool — to revive an ailing economy, invest in productive infrastructure, rebuild after natural disasters and pay for unavoidable wars.

From New York Times • Feb. 10, 2018

Deficit spending can be a useful tool in countries with a central bank, such as the US.

From Forbes • Oct. 6, 2014

Deficit spending for the current fiscal year is now projected to top $71 billion, or 33% of the nation's $213 billion budget.

From Time Magazine Archive

Deficit spending and monetary easing were both first put to work in a really big way by the U.S. government in the 1940s--out of wartime necessity, not economic conviction.

From Time Magazine Archive

Related Words

• budget deficit