budget deficit

(redirected from deficit)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Wikipedia.
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 ?
The original 2010 State Budget Act adopted in the fall of 2009 provided for a deficit of 0.
But outsourcing deficit management to the currency market is junk economics and irresponsible geopolitics.
KARACHI -- Pakistan's current account deficit widened by 48 per cent in the first seven months of the fiscal year, reflecting the mounting pressure of trade deficit which jumped by 24pc in the same period.
ISLAMABAD -- In a clear sign of deviating from the path of fiscal discipline in an election year, the budget deficit during the first five months of the fiscal year has shot up to Rs826 billion, which is more than half of the annual target.
But according to the rankings, it has a $44,480 deficit - this means that the average Miami resident would need to spend $44,480 above their annual income to truly enjoy the town.
The State Bank of Pakistan's statistics revealed that the country's current account deficit continues to worsened, posting a phenomenal increase of 90.
Summary: The energy trade balance deficit recorded an improvement to 351 MTD in December against a worsening deficit in volume of 702 Ktoe, according to statistics released by the National Observatory
KARACHI -- Current Account Deficit witnessed downslide during the current fiscal year.
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.
EU's Economic and Financial Affairs Council (ECOFIN) has confirmed the decision of the European Commission to terminate the excessive deficit procedure against Bulgaria.
Although there should be no surprises for the four countries, they will be looking to events in Greece, which was told in December that it had not taken "effective action" to control a deficit that ballooned to 12.