Budget deficit
This is the current revision of Budget deficit as edited by RobSmith (talk | contribs) at 21:44, May 2, 2022. This URL is a permanent link to this version of this page.
A budget deficit is the amount each year by which government spending is greater than government income. This deficit can be borrowed by using money left over from a budget surplus or by borrowing money.
Sources
http://usinfo.state.gov/products/pubs/oecon/chap12.htm
