Business / Finance / Budget Deficit: The amount by which government spending exceeds government revenues.
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By Kimberly Amadeo
Budget deficits pay for government services, like defense.
- The amount by which government spending exceeds government revenues.
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amount expenditure exceeds income the extent by which expenditure exceeds revenue, especially that of a government.
excess of spending over income for a government, corporation, or individual over a particular period of time.
The amount by which total government spending is more than government income during a specified period; ...
Definition of budget deficit
The amount by which what a government spends is more than it receives in taxes or other income, during a particular period of time.  ...
Definition: When government expenditure exceeds government income.
Related glossary term: ...
BUDGET DEFICIT - The amount by which government spending exceeds government revenues.
BUDGET LOAN - A loan with payments set up to cover taxes and insurance in addition to interest and prin...
Budget Deficit The figure that results by subtracting the total expenditures (on revenue and capital accounts) from the total receipts (on revenue and capital accounts) of the Government of India.
The amount by which planned spending exceeds revenues.
Budget Deficit Difference between spending and revenues of the government. … [Read more...]
Author: Skip Stamous Filed Under: b Tagged With: B Glossary, Budget Deficit ...
Budget deficit When government spending exceeds its revenue.
Budget surplus When government revenue exceeds its spending
Bureaucracy An administrative system run by a large staff following rules and procedures set down by government.
BUDGET DEFICIT: An excess of budgetary expenditures over revenues. The federal government is well known for its inclination to operate with a budget deficit. But it is not alone. Consumers also find themselves in this position on many occasions.
The amount by which government spending exceeds government revenues.
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Since the beginning of World War II the national budget has grown immensely, in part because of increased defense expenditures. Revenues have not kept pace with expenditures, and the federal budget has had annual deficits since 1969.
Current Budget deficit/surplus
A current budget deficit occurs when planned government current expenditure exceeds government current revenue.
The negative of the budget surplus; thus the excess of expenditure over income.
Budget surplus ...
Eisner, Robert. 'Budget Deficits: Rhetoric and Reality.' Journal of Economic Perspectives 3 (Spring 1989): 73-93.
Ricciuti, Roberto. 'Assessing Ricardian Equivalence.' Journal of Economic Surveys 17 (February 2003): 55-78.
Tax Reform Act of 1984Legislation enacted as part of the Deficit Reduction Act of 1984 to reduce the federal budget deficit.
Treasury Bills ( T-Bills ) are Money Market instruments issued by the federal government to cover budget deficits which occur when expenses are greater than tax revenues.
Standardised budget deficit [r]: the cyclically adjusted budget deficit, after further adjustments to exclude transitory influences. [e] ...
National debt - The net accumulation of federal budget deficits.
National income - The amount of aggregate income earned by suppliers of resources employed to produce GNP; ...
enacting social welfare reforms, and waging war in Vietnam were among the major activities of the federal government that: (1) raised annual expenditures from $97 billion in fiscal 1960 to $268 billion in fiscal 1974; (2) saw a budget deficit in all ...
Economy of the United States - discusses U.S. national debt and economic context
FRED (Federal Reserve Economic Data)
Global debt - the "big picture" ...
They also agreed to limit their budget deficits under a stability and growth pact. Some economists argued that this loss of flexibility could prove costly if their economies did not behave as one and could not easily adjust in other ways.
One of those would be a budget deficit. This means that the set budget will actually be costing the business money. In other words they are spending more than they are making.
A federal government budget deficit expected to approach $500 billion in 2004 has been revised downward to $375 billion. At the same time goods continue to pour in from Asian nations, especially China. The U.S.
That portion of a country's budget deficit that reflects changes in the economic cycle.
These are public debt as a percentage of gross domestic product, the budget deficit (the amount government spending exceeds income) and debt affordability (interest costs as a percentage of revenue).
Budget surplus (or budget deficit) - The difference between government sector revenue and expenditure in a given period of time. If revenue exceeds expenditure, the government sector has a budget surplus.
In such an event an organization is said to have a budget deficit. A prolonged state of deficit may be perilous to any entity, including a government. Namely, extensive periods of deficit may lead to inflation.
As old debt matures or federal budget deficits create a need for additional funds, the Treasury issues new securities. Accordingly, both the primary and secondary markets for Treasuries are large, active and highly liquid.
A macroeconomic concept that postulates that when a government runs a budget deficit, households and firms will respond by increasing their level of savings. This behavior allows the aggregate savings of an economy to remain unchanged.
This signifies "in the red", a financial shortfall. For instance, a government will experience a budget deficit when its expenditures exceed its revenues during the reference financial year.
Legislation enacted as part of the Deficit Reduction Act of 1984 to reduce the federal budget deficit.
But in the face of mounting budget deficits, soaring health care costs, and reduced contributions from employers, their boomer children have slowly, but surely, grown more accustomed to picking up a greater portion of the health care tab.
The recession of 1982 reopened the debate about the real effects of nominal monetary policy, and the decade of the 1980's reopened the debate about the stimulative effects of government budget deficits.
Revenue Reconciliation Act of 1993
Legislation created to reduce the federal budget deficit by cutting spending and increasing taxes.
- An economic policy enacted by the Chinese government combining central planning with market-oriented reforms to increase productivity, living standards, and technological quality without exacerbating inflation, unemployment, and budget deficits, ...
Interest on the national debt is a major item in the federal budget, but the national debt is not the same as the federal budget deficit. The deficit is the amount by which federal spending exceeds federal income in a fiscal year.
See also: Index, Sector, Banks, Transaction, Saving