budget deficit


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budget deficit

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

budget deficit

When the government’s spending exceeds revenue from taxation. Compare balanced budget; budget surplus.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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"
References in periodicals archive ?
The government has recently revised the budget deficit target up to 5.
Experts said Pakistan recorded a budget deficit of Rs1,110 billion for first 7.
The budget deficit and the current account deficit remain the two biggest challenges for Pakistan's economy that overshadow the government's economic performance in other areas.
He said that the budget deficit and the current account deficit have become the biggest challenge for the economy, overshadowing the government's economic performance in other areas.
LCCI President Malik Tahir Javaid and Vice President Zeshan Khalil stated here that government would have to use a combination of policies as the most effective method to bring down budget deficit was the aim for positive economic growth.
The LCCI office-bearers said that government should workout doable methods to control budget deficit instead of crushing the business community through regulatory duty.
In a clear sign of deviating from the path of fiscal discipline in an election year, Pakistan's budget deficit during the first five months of the fiscal year has shot up to Rs826bn ($7.
As the double-digit growth in expenditures outpaced that of revenue collection, the government posted a budget deficit of 'almost P90 billion' last month, Diokno said.
The country's budget deficit during those eight months registered EGP 226.
Finance Minister Zoran Stavreski has not yet explained whether the spending of 30 percent of the budget deficit is a result of the payments to the private pension funds or is a result of other increased spending, too.
Following the Saudi government's revelation about its $98 billion budget deficit, European banking sources disclosed that the figure is about 150 percent to 200 percent higher than what has been officially declared, warning that the kingdom would go bankrupt once its foreign reserves come to an end in about 15 to 18 months from now.
Previously, the national budget deficit for 2015 was projected at 14.