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

See Examples For:

budget deficit

After the budget scandal erupted in 2024, the IMF found Senegal's 2023 budget deficit was 12.3 percent of GDP, when the last government had said it was 4.9 percent.

From Barron's ● Sep. 1, 2026

The federal budget deficit is expected to reach $2.1 trillion in fiscal year 2026, or around 6% of gross domestic product, according to the Congressional Budget Office.

From The Wall Street Journal ● Aug. 24, 2026

And the nearly $1.8 trillion federal budget deficit so far this fiscal year only reinforces the borrowing need.

From MarketWatch ● Aug. 23, 2026

Average mortgage rates have been creeping back up toward 7%, while the budget deficit has hovered near 6% of the country’s GDP—well above Bessent’s longer-term 3% target.

From The Wall Street Journal ● Aug. 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