Advertisement
Advertisement
budget deficit
noun
- the amount by which government expenditure exceeds income from taxation, customs duties, etc, in any one fiscal year
Example Sentences
The prospect of major cuts in federal funding for community-level services is particularly worrisome for San Francisco leaders, who are facing a budget deficit of nearly $1 billion starting this year.
However, in the short term, we know for a fact that Liberation Day will hurt farmers, burden consumers and further bloat the budget deficit — all oh-so-misleadingly in the name of “America First.â€
They’ve pledged to rein in government spending in the face of a budget deficit.
Oh, and by the way, the budget deficit is half of what Trump left us with four years ago.
Any of those, if enacted, would add hundreds of billions of dollars to the current nearly $2tn budget deficit.
Advertisement
Advertisement
Advertisement
Advertisement
Browse