Budget Deficit

Business, Legal & Accounting Glossary

Definition: Budget Deficit


Budget Deficit


Full Definition of Budget Deficit


The amount by which a government, company, or individual’s spending exceeds its income over a particular period of time. also called deficit or deficit spending. opposite of budget surplus.


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Modern Language Association (MLA):
Budget Deficit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 https://payrollheaven.com/define/budget-deficit/.
Chicago Manual of Style (CMS):
Budget Deficit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/budget-deficit/ (accessed: December 06, 2021).
American Psychological Association (APA):
Budget Deficit. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/budget-deficit/

Definition Sources


Definitions for Budget Deficit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 0 Views.