Definitions from the Web
Budget Deficit
A budget deficit refers to a situation where a government, organization, or individual's spending exceeds their income or revenue in a given time period.
Example Sentences:
- The country's growing budget deficit posed a significant challenge to its economic stability.
- The company had to make significant cuts in order to reduce the budget deficit.
- Due to the budget deficit, the government had to increase taxes.
- An individual may face financial difficulties if they consistently have a budget deficit.
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