By Kimberly Amadeo
Budget deficits pay for government services, like defense.
- The amount by which government spending exceeds government revenues.
Embedded terms in definition ...
A budget deficit is the amount by which an individual, business, or government's income falls short of the expectations set forth in its budget over a given time period.
The amount by which total government spending is more than government income during a specified period; the amount of money which the government has to raise by borrowing or currency emission in order to make up for the shortfall in tax revenues.
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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 MORTGAGE - A mortgage in which the borrower is required to make periodic payments not only for i...
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.
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: The amount by which government spending exceeds government revenues.
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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Current Budget deficit/surplus
A current budget deficit occurs when planned government current expenditure exceeds government current revenue. A current budget surplus occurs when planned government current revenue exceeds government current expenditure.
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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. Among its provisions are a decrease in the minimum holding period for assets to qualify for long-term capital gains treatment from one year to six months.
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. Treasury Bills are the most important type of debt issued by the federal government.
Standardised budget deficit [r]: the cyclically adjusted budget deficit, after further adjustments to exclude transitory influences. [e]
Sterilisation, monetary [r]: Action taken by a central bank to counteract changes to its monetary base - for example by buying or selling government securities.
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; net national product plus government subsidies minus indirect business taxes.
28% on October 31, 2014 amid higher-than-expected fall in headline inflation and prospects of FY15 budget deficit within reach due to falling fuel subsidy bill.
During the period 1961-1972, stimulating economic growth, 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 ...
Economy of the United States - discusses U.S. national debt and economic context
FRED (Federal Reserve Economic Data)
Global debt - the "big picture"
Gold as an investment
History of the U.S.
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. current account deficit set a record at $166 billion during the second quarter.
That portion of a country's budget deficit that reflects changes in the economic cycle. Budget positions tend to deteriorate as economies slow as tax revenues fall and welfare spending rises; they improve as economic growth returns, tax revenues rise and welfare spending is reduced.
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. If expenditure exceeds revenue, the government sector has a budget deficit ...
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.
HSBC's global research said in a report today that it expects some slippage with the budget deficit at 4.5 per cent of GDP considering that Arun Jaitley, had set the bar high. It pointed...
Budget: Crisil says scope for fiscal slippage remains high
The Hindu Business Line Jul 11 Comment ...
At any given time, there are several trillion dollars of Treasuries outstanding. As old debt matures or federal budget deficits create a need for additional funds, the Treasury issues new securities.
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.
Revenue Reconciliation Act of 1993
Legislation created to reduce the federal budget deficit by cutting spending and increasing taxes.
The percentage split between the general partner and limited partners of profits and losses resulting from the operation of the involved business.
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.
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. The Classic Economic Models collection includes a recent reworking of the Keynesian Model: ...
Open and Reform Policy - 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, ...
Treasury budget: A government report that presents the monthly Federal Budget Deficit data.
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, Transaction, Banks, Saving, Expense