budget deficit - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “budget deficit”

budget deficit

noun [C]
 
 
ECONOMICS, FINANCE
the amount of extra money that a government needs because it has spent more money than it earned: The White House says the federal government will run a $9 trillion budget deficit over the next decade. →  Compare budget surplus
(Definition of budget deficit from the Cambridge Business English Dictionary © Cambridge University Press)
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