fiscal deficit
Government spending gap
A fiscal deficit occurs when a government spends more than it collects in revenue during a given period, typically a fiscal year.
The gap must be covered by borrowing, adding to national debt.
The fiscal deficit widened as tax receipts fell during the recession.
Distinguished from trade deficits, which concern imports and exports rather than government budgets.
- interest ratesPrice paid for borrowing
- bond marketVenue for debt securities
- inflation rateSpeed of rising costs
- GDPNational output abbreviation
- red inkSymbol for financial loss
trade balance · macroeconomics · tax revenue · crowding out · stimulus spending · government shutdown · austerity measures · belt tightening · monetary policy · overspending · unemployment rate · budget shortfall · national debt · debt ceiling · sovereign debt · public expenditure · tax reform · debt restructuring
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- economic problemsmarket failure, recession, inflation, deflation, stagflation
- fiscal policynational budget, budget surplus, budget deficits, federal budget, government spending
- public budgetbudget bill, budget surplus, budget vote, budget debate, budget process
- public financepublic debt, tax revenue, budgets, expenditure, public spending
- public spendingbudget allocation, public spending, national budget, healthcare spending, federal budget
fiscal deficitfiscal surplus
Revenue exceeding outlays
budget surplus · surplus · government surplus · black ink · in the black
fiscal deficitbalanced budget
Spending matching revenue
budget surplus · fiscal health · fiscal discipline · financial stability · austerity