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deficit financing |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.01 sec. |
deficit financingIn government, the practice of spending more money than is received as revenue, the difference being made up by borrowing or minting new funds. The term usually refers to a conscious attempt to stimulate the economy by lowering tax rates or increasing government expenditures. Critics of deficit financing regularly denounce it as an example of shortsighted government policy. Advocates argue that it can be used successfully in response to a recession or depression, proposing that the ideal of an annually balanced budget should give way to that of a budget balanced over the span of a business cycle. See also John Maynard Keynes; national debt. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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City Councilman Jack Weiss, a Villaraigosa supporter, called the budget ``Christmas in April,'' and accused the mayor of deficit financing in allocating reserves from this year to next year's budget. Don't forget, looming on the horizon next year is an even bigger deficit once the deficit financing bonds are exhausted" and the state can no longer rely on $1. The Ministry of Finance's (MOF) struggles to contain an explosion of deficit financing in the wake of the 1970s oil shock are the focus of the story. |
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