Meaning of the word "budget deficit" in English
What does "budget deficit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
budget deficit
US /ˈbʌdʒɪt ˈdɛfɪsɪt/
UK /ˈbʌdʒɪt ˈdɛfɪsɪt/
Noun
1.
the amount by which a government's spending exceeds its revenue over a particular period, typically a fiscal year
Example:
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The country is facing a significant budget deficit this year.
•
Reducing the budget deficit is a top priority for the new administration.
Synonym:
Synonym:
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