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.
Deficit spending will ultimately lead the country further and further into debt. It is impossible to spend money that you don't have.
The government was under pressure to raise more taxes due to the budget deficit they had.
a federal budget deficit
They are useful for recording huge debts: such as the US budget deficit or trade deficit.
For 2007, the budget deficit totaled $162 billion, a five-year low.
deficit. -source: e2020
It is increasing the US deficit (debt).
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.
At its simplest definition, if the government spends more then it gains, in a single year, then it has, what is called a 'budget deficit'. If there is a deficit, it adds to the US debt.
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
Deficit spending will ultimately lead the country further and further into debt. It is impossible to spend money that you don't have.
Primary deficit=Fiscal deficit-[minus] Interest payments
The government was under pressure to raise more taxes due to the budget deficit they had.