A
budget deficit occurs when a government spends more money than it collects in revenue. In other words, it means that a country is spending more than it is earning, resulting in a shortfall or a negative balance in its financial accounts.
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«budget»
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Phrases with «budget deficit»
Sentences with «budget deficit»
- They warned, however, that projected budget deficits of as much as $ 40 million within two years could cause a credit downfall unless the city finds a way to balance the books. (syracuse.com)
- The city faces a $ 4 billion dollar budget deficit in the next fiscal year. (gothamgazette.com)
- It changes numerous deductions and tax breaks and is expected to add $ 1 trillion or more to federal budget deficits over a decade, according to congressional estimates. (cnbc.com)
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