The phrase
"federal deficit" refers to the amount of money by which the government's expenses exceed its revenue in a given year. In other words, it signifies that the government spends more money than it collects in taxes and other sources of income. This deficit is typically financed by borrowing money, which contributes to the overall debt of the country.
Full definition
Similar and related words and phrases are presented below.
«federal»
«deficit»
Related phrases
Phrases with «federal deficit»
Sentences with «federal deficit»
- The bill is estimated to increase federal deficits by $ 1.4 trillion over 10 years — though its backers say it would ultimately prompt enough economic growth to cover those gaps. (nreionline.com)
- The result: a need for greater private - sector financing of federal deficits. (businessinsider.com)
- Yeah, its a mess so big out there that we need numbers larger than our astronomical federal deficit to assign any useful magnitude to it all. (money.stackexchange.com)
- (see all
sentences)