Meaning of the word "deficit spending" in English
What does "deficit spending" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
deficit spending
US /ˈdɛfɪsɪt ˈspɛndɪŋ/
UK /ˈdef.ɪ.sɪt ˈspen.dɪŋ/
Noun
government spending, in excess of revenue, of funds raised by borrowing rather than by taxation
Example:
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The country resorted to deficit spending to stimulate the economy during the recession.
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Critics argue that continuous deficit spending can lead to increased national debt.