4.2 trillion sterling
sorry not Budget deficit... budget balance
A budget deficit is when the finances of a something exceeds its revenue. This basically means they have spent too much money.
fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.
If the revenue is less than the expenditure, a budget is said to be in deficit. A budget is divided into 3: a. Surplus budget b. Deficit budget c. Balanced budget Surplus : REVENUE greater than EXPENDITURE Deficit : REVENUE less than EXPENDITURE Balanced : REVENUE equals EXPENDITURE
Primary deficit=Fiscal deficit-[minus] Interest payments
The government was under pressure to raise more taxes due to the budget deficit they had.
The UK's Government Budget in 2009 was also known as the Building Britian's Future Budget. The Total Revenue was 29% of the 2008 GDP. The Total Expenditures was 40% of the 2008 GDP and the Deficit was 10.5% of the 2008 GDP. You can view full details to the UK 's 2009 Government Budget online at Wikipedia.
budget deficit
Taxpayers
a federal budget deficit
by cheating
Currently in 2010-2011 1. Revenue Deficit 2. Fiscal Deficit 3.Primary Deficit. There used to be these 2 more type which have been now abolished 4. Budget Deficit 5. Monetised Deficit ~wt.what@gmail.com