budget deficit

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Related to deficit: Current account deficit

budget deficit

Economics the amount by which government expenditure exceeds income from taxation, customs duties, etc., in any one fiscal year
References in periodicals archive ?
Bush's main talking point on the budget is that he "cut the federal budget deficit in half"--that would be from 2004, the year the White House inflated the projected deficit for 2006.
This paper will attempt to find the causal relationship between the budget deficit and the trade deficit for the Pakistan economy.
Thus, even though its state finances performed better than expected, Bulgaria still failed to keep its deficit under 3% as required by the EU Stability and Growth Pact; after its 2009 deficit exceeded 3%, since the summer of 2010, Bulgaria has been placed under the EU Excessive Deficit Procedure, a program for reducing the deficit below 3%.
For instance, bond yields rose dramatically from 1955 to 1981 (when deficits were small), fell from 1983 to 1992 (when deficits were large), then rose again in 1994 (as the deficit came down).
The two-year deficit elimination plan includes a mechanism that triggers expenditure reduction if actual operations fall short of the plan.
A longitudinal study now suggests that cases of deficit schizophrenia display a distinct natural history that features an ironic twist.
One of the mechanisms to assure compliance with the risk side of the equation is a deficit restoration provision.
Decline in services deficit has also led to plunge in current account deficit.
Summary: Central Bank figures said that Lebanon's balance of payments posted a deficit of $289.
September 15 2011 (TUR) -- Turkey's finance minister forecast the year-end current account deficit around 70-75 billion USD.
ITEM: An Associated Press article in USA Today, entitled "Federal Deficit Now Lowest in 4 Years," reported on October 11: "The federal deficit fell to a four-year low in the budget year that just ended, a result President Bush pointed to Wednesday in claiming Republicans are better stewards of the economy than are Democrats.