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

The new plans for spending and taxation aim to reduce the government’s budget deficit to 2.1% of GDP in the fiscal year that ends in 2030, and further thereafter.

From The Wall Street Journal ● Oct. 28, 2026

The ONS said that government spending exceeded its revenues by 24.5 billion pounds in September, an increase in the budget deficit of 1.8 billion pounds from the same month in 2025.

From The Wall Street Journal ● Oct. 21, 2026

The French budget deficit, projected to be 5.4% of GDP this year, is actually lower than the 6.1% of the U.S.

From MarketWatch ● Oct. 19, 2026

He co-wrote a 2003 report with suggestions for closing California’s massive budget deficit after the dot-com bubble left the state reeling.

From Los Angeles Times ● Oct. 18, 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

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