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

The negatives are mostly macro—U.S. budget deficits and the threat of higher inflation.

From Barron's

“Without these people, the California budget deficit will only get bigger.”

From The Wall Street Journal

In short, the federal budget deficit could balloon in the first four months of next year, sparking higher bond yields and a stock market pullback, said Yardeni.

From MarketWatch

A final concern is that rising bond yields in Japan will draw domestic savings home instead of going to the U.S. to finance the American budget deficit.

From The Wall Street Journal

After years of declining enrollment and the exhaustion of pandemic-era federal funds, Pasadena Unified had run up a $37-million budget deficit even before the fire.

From Los Angeles Times