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 ?
The State Bank of Pakistan (SBP) reported on Tuesday that the current account deficit during July-Jan rose to $9.
One of the key reasons for the increasing budget deficit from July through November was roughly Rs625-billion cost of domestic and foreign debt servicing, said officials in the Ministry of Finance.
601 billion deficit during July-November of fiscal year 2017 compared to $1.
As per media reports State Bank of Pakistan (SBP) has said in its report that during the period of July to March in the fiscal year 2015 current account deficit declined by 1.
BEIRUT: Central Bank figures said that Lebanon's balance of payments posted a deficit of $289.
European Union Finance Ministers met in Brussels on February 14 and 15, 2011, confirming the recent position of the EC that Bulgaria needs take no further steps to curb its budget deficit under the bloc's rules on government finances.
First alerted to deficit problems last February, Malta was not brought under the excessive deficit procedure until May, after it revised up its 2008 shortfall to 4.
The Keynesian income-expenditure approach explains the mechanism behind this twin deficit relationship.
In October, the Administration announced a 2006 deficit of $248 billion, missing its projection for this year by, let's see, only $764 billion.
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.
Treasurer Peter Blachford told the Council of General Synod (CoGS) that the church cannot afford another deficit, since reserves have been used to bridge the gap, leaving only $200,000 in the coffers.