The phrase "huge deficit" refers to a situation where a person, business, or government spends much more money than they have or earn. It means they owe a large amount of money and have a financial shortfall.
Sentences with «huge deficit»
Why should you get off paying no taxes when our government is running huge deficits? (alephblog.com)
We'll need to fund our country's huge deficit at some point, right? (mslizmoneymatters.com)
The city has seen huge deficits, high unemployment rates and cuts to police and education spending. (diehardsport.com)