The phrase "to finance the deficit" means using borrowed money or other sources of funds to cover the difference between the amount of money a government spends and the amount it earns. Full definition
Yet even if the markets agree to finance deficit spending, large - scale borrowing might not be wise. (scientificamerican.com)
But there is no need for political clashes to convince large trade surplus countries in East Asia to keep more of their hard - earned savings home - instead of financing deficits of much richer countries - to improve their infrastructure and public services. (cnbc.com)
[10] He was one of 35 signatories to an open letter calling on the Chancellor of the Exchequer, George Osborne, to press ahead with the coalition government's plans to reduce the public finance deficit in one term in the face of opposition. (en.wikipedia.org)