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

However, the Office for National Statistics said Thursday that the budget deficit narrowed to 4.3% of gross domestic product from 5.2% in the previous fiscal year.

From The Wall Street Journal • Apr. 23, 2026

Treasurys is rapidly deteriorating as the nation’s budget deficit balloons and demand from global investors weakens.

From MarketWatch • Apr. 17, 2026

The change in the strategy - with an emphasis on more sustainable investments - came after a major budget deficit of $73bn last year, which was driven by increased spending and lower oil revenues.

From BBC • Apr. 16, 2026

And the state of the city’s budget deficit is more dire than it was when previous pied-à-terre tax efforts failed.

From The Wall Street Journal • Apr. 16, 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