budget deficit

noun

1. the amount by which government expenditure exceeds income from taxation, customs duties, etc, in any one fiscal year

Example Sentences

In this economy, at this time, the federal budget deficit is something of a lagging indicator.

From The Daily Beast

But there was also fresh evidence that there has been enormous progress in the effort to cut the annual budget deficit.

From The Daily Beast

He warns against increase in budget deficit, urges budget cuts.

From The Daily Beast

Combined with a bit of fiscal discipline, the higher revenues are helping to reduce the (still massive) federal budget deficit.

From The Daily Beast

Obviously, it takes a lot of heavy lifting to get from the war-related budget deficit to the global financial and economic crisis.

From The Daily Beast

Thus, the budget will be either cruelly cut or the budget deficit will increase.

From Project Gutenberg

Next year the budget deficit will be only slightly less than this year.

From Project Gutenberg

Now, the budget deficit this year will exceed our earlier expectations.

From Project Gutenberg

If the Congress enacts the tax increase, we will reduce the budget deficit by some $12 billion.

From Project Gutenberg

Last year, we began to put our house in order by tackling the budget deficit that was driving us toward bankruptcy.

From Project Gutenberg