budget deficit Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “budget deficit” in the English Dictionary

"budget deficit" in American English

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budget deficitnoun [C]

 us   /ˈbʌdʒ·ɪt ˌdef·ə·sɪt/
politics & government the ​difference between a government's ​income and how much it ​spends.
(Definition of budget deficit from the Cambridge Academic Content Dictionary © Cambridge University Press)

"budget deficit" in Business English

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budget deficitnoun [C]

uk   us   ECONOMICS, FINANCE
the ​amount of ​extramoney that a ​governmentneeds because it has ​spent more ​money than it ​earned: The White ​House says the ​federalgovernment will run a $9 ​trillion budgetdeficit over the next decade.
(Definition of budget deficit from the Cambridge Business English Dictionary © Cambridge University Press)
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