Meaning of “budget deficit” in the English Dictionary

business-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 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.

(Definition of “budget deficit” from the Cambridge Business English Dictionary © Cambridge University Press)