budget gap
Revenue-expense imbalance
A budget gap is the shortfall between projected revenues and planned expenditures—what an organization or government expects to take in versus what it intends to spend.
The term typically appears in discussions of public finance: The state faces a $2 billion budget gap next fiscal year.
Unlike a deficit, which describes actual spending exceeding actual income, a budget gap refers to the anticipated mismatch that must be addressed through cuts, tax increases, or borrowing before the budget period begins.
- shortfallFailure to reach quota
- deficitAmount still owed
- fiscal cliffScheduled austerity convergence point
- red inkSymbol for financial loss
- underfundingInadequate monetary allocation
overspending · spending cuts · austerity · cutbacks · squeeze · crunch · imbalance · mismatch · borrowing · debt · bond rating · tax revenue · appropriations · sequester · government shutdown · stopgap · bailout · belt-tightening
- fiscal crisisdebt crisis, fiscal crisis, fiscal emergency, insolvency, debt restructuring
- shortfallsdeficit, shortfall, shortage, lack, deficiency
- deficitsfederal deficit, shortfall, fiscal deficit, deficit reduction, deficit hawk
budget gapbudget surplus
Revenue exceeding outlays
surplus · fiscal surplus · windfall · overage · rainy day fund
budget gapbalanced budget
Spending matching revenue
fiscal health · solvency · fiscal stability · financial solvency · black ink
budget, gap, budgets, budgeted, budgeting, budgetary, gaps, gapped, gappy