budget deficit

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budget deficit

The government is working to reduce the budget deficit.

Definition

Noun: A budget deficit is a financial situation where the amount of money spent (expenditures) exceeds the amount of money received (revenues) over a specific period, typically a fiscal year. It represents a shortfall in the budget.

Usage

The term is primarily used in economics, government finance, and corporate accounting to describe an imbalance between income and outgoings. * It is commonly modified by adjectives specifying the entity (e.g., federal, national, state, corporate) or the scale (e.g., large, growing, projected). * It often appears in discussions about fiscal policy, debt, and economic health.

Examples
  • The government announced plans to reduce the budget deficit by cutting spending.
  • A persistent budget deficit can lead to an increase in national debt.
  • Analysts are concerned about the company's growing budget deficit.
  • The state is facing a budget deficit of several billion dollars this year.
Advanced Usage
  • "to run a budget deficit": This is the standard verb collocation for actively operating with a shortfall.
    • The country has run a budget deficit for the last decade.
  • "to widen/narrow a budget deficit": Describes the action of a deficit increasing or decreasing.
    • The new stimulus package is expected to widen the budget deficit.
  • "to finance a budget deficit": Refers to how the shortfall is covered, often through borrowing.
    • The treasury will issue bonds to finance the budget deficit.
Variants and Related Words
  • Deficit (n): A more general term for any deficiency or shortfall. A is a specific type of deficit.
    • The trade deficit is separate from the budget deficit.
  • Fiscal deficit (n): Often used synonymously with , especially in government contexts.
  • Surplus (n): The opposite financial situation, where revenues exceed expenditures.
    • A budget deficit one year may be followed by a budget surplus the next.
Synonyms
  • Shortfall
  • Shortage (in a financial context)
  • Gap (between revenue and expenditure)
Antonyms
  • Budget surplus
  • Fiscal surplus
  • Profit (in a corporate context)
budget deficit

The government is working to reduce the budget deficit.

Noun
  1. an excess of expenditures over revenues