budget deficit

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budget deficit

(Government, Politics & Diplomacy) the amount by which government expenditure exceeds income from taxation, customs duties, etc., in any one fiscal year

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Noun

budget deficit - an excess of expenditures over revenues

deficit - an excess of liabilities over assets (usually over a certain period); "last year there was a serious budgetary deficit"

federal deficit - an excess of the federal government's spending over its revenue; "federal deficits can cause inflation"

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deficit
federal deficit
machine-controlled
machine-driven

militate against
Self-moving
semiautomatic
stability pact

At its current rate of growth, the federal budget deficit could top $46 trillion (adjusted for inflation) by the time baby boomers start retiring.

Top federal official sees fiscal disaster ahead by Implement & Tractor

Bush's main talking point on the budget is that he "cut the federal budget deficit in half"--that would be from 2004, the year the White House inflated the projected deficit for 2006.

Dubya plays with numbers by Ivins, Molly / The Progressive

Douglas Holtz-Eakin, the former director of the Congressional Budget Office who also served as a White House economist under President Bush, sees little reason to cheer in the face of an estimated budget deficit for the current fiscal year that is forecast to be lower than previously thought but will still approach $300 billion.

Well-known economist decries excessive federal spending by McManus, John F. / The New American

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