HomeDefinitionsCompareDebt Budget deficitThe financial definition for Budget deficit:The amount by which government spending exceeds government revenues. Similar MatchesDeficitDeficitAn excess of liabilities over assets, of losses over profits, or of expenditure over income. Deficit spendingDeficit spendingWhen government spending overwhelms government revenue resulting in government borrowing. Federal deficit (surplus)Federal deficit (surplus)When federal government expenditures are exceeded by federal government revenue. Click to compare definitions of Budget deficit Click to view definitions beginning bu |