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A deficit is a shortage. Similar to anaccount that is overdrawn. in other words you are spending money that does in reality not exist yet.

Deficit spending is spending money you don't own in other words borrowed money.

A deficit, or deficit financing, is what happens when the government spends more money than it takes in from taxes. Deficit spending can be accomplished by borrowing or simply by printing more money. Deficit is a lack or shortage...

When governments say that there is a deficit, they mean that they are unable to come up with the required amount of money needed to run the country.

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7y ago

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