budget deficit
62
3.7
- noun
- /ˈbʌdʒɪt ˈdɛfɪsɪt/
- Specialized
:
déficit presupuestario
- The government announced plans to reduce the budget deficit by increasing taxes and cutting spending.
- reduce the budget deficit
- cut the budget deficit
- run a budget deficit
So why do smart people think wrong things like Social Security adds to the budget deficit and debt?
- So why do smart people think wrong things like Social Security adds to the budget deficit and debt?
- Sri Lanka's longstanding high debt and large civil service have for a long time contributed to very high budget deficits.
- For public transportation systems in not affect cities, fewer commuters are leading to budget deficits and massive projected shortfalls.
- And the Wall Street Journal editorial board says at a time when our budget deficits are at a record highs every single year, we're in the freaking red.
Examples
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We inherited the biggest budget deficit in Britain's peacetime history.
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For Ireland, the forecast is that the budget deficit will be 12 percent of GDP.
Blog text (3) -
And what about the budget deficit, including both spending and revenue?
Academic text (2011) -
By 1990, the federal budget deficit rose to a record $300 billion.
Academic text (1992) -
Elimination of the overall budget deficit, however, remains crucial for foreign policy as well as economic reasons.
Academic text (1990) -
Lower inflation numbers mean lower payouts, a smaller budget deficit, and a happy stock market.
Blog text (8) -
The most obvious impact is that it contributes to larger federal government budget deficits, forcing either spending cuts or tax increases.
Academic text (2017) -
We have a staggering budget deficit and an extremely unbalanced economy.
Academic text (1991) -
When Parker took office in 2009, she inherited soaring budget deficits.
Academic text (2017) -
The commission expects an eye-popping budget deficit of 8.6 percent of GDP for Spain.
Blog text (3)
Synonyms
674
4.3
An amount by which money or resources are less than needed
21
5.3
Government spends more money than it gets and borrows to pay the difference
How Large
19
5.0
- Specialized
62
3.7
- Specialized
21
5.3
364
3.9
Surface Forms
Morphology
The meaning is directly derivable from combining 'budget' (a plan of money to spend and receive) with 'deficit' (an amount that falls short): together they denote a shortfall in the budget. This noun+noun composition is compositional and cross-linguistically common, so a B1 learner who knows both constituents should understand it.
Etymology
The term budget deficit joins the words budget, meaning a plan for money, and deficit, meaning not enough money, so you can picture a shopping list that costs more than the money in your wallet. That's why a budget deficit means 'spending more than you receive'.