budget deficit

noun

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

Example Sentences

Trump, who ran up budget deficits during his first term, has shown little commitment to cutting spending.

From BBC

A looming budget deficit and the departure of the Oakland A’s baseball team didn’t help.

From Los Angeles Times

But amid budget deficits, “there’s a limitation of what California can do.”

From Los Angeles Times

The country faces its largest budget deficit since the 1980s.

From Los Angeles Times

Labour also campaigned on a pledge not to "return to austerity" - the programme of deep spending cuts and tax hikes aimed at reducing the UK’s budget deficit pursued by the 2010 Conservative-Liberal Democrat coalition.

From BBC