budget deficit

US /ˈbʌdʒɪt ˈdɛfɪsɪt/
UK /ˈbʌdʒɪt ˈdɛfɪsɪt/
"budget deficit" picture
1.

the amount by which a government's spending exceeds its revenue over a particular period, typically a fiscal year

:
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The country is facing a significant budget deficit this year.
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Reducing the budget deficit is a top priority for the new administration.
:
fiscal deficitgovernment deficit
:
budget surplus
:
deficitbudgetdeficit spendingtrade deficitbudget surplusattention deficit hyperactivity disorder