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 budget deficit is expected to remain at about 5% of GDP this year, and economic growth remains tepid.

From The Wall Street Journal ● Aug. 27, 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

That’s due to concerns about America’s growing debt and federal budget deficit, uncertainty around how new Federal Reserve Chairman Kevin Warsh plans to tame inflation and as tech companies fuel a corporate-bond issuance boom.

From MarketWatch ● 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