deficit spending

US /ˈdɛfɪsɪt ˈspɛndɪŋ/
UK /ˈdɛfɪsɪt ˈspɛndɪŋ/
"deficit spending" picture
1.

government spending, in excess of revenue, of funds raised by borrowing rather than by taxation

:
The country resorted to deficit spending to stimulate the economy during the recession.
Critics argue that continuous deficit spending can lead to increased national debt.