en

Budget deficit

ru

Translation budget deficit into russian

budget deficit
The government is trying to reduce the budget deficit.
Правительство пытается сократить бюджетный дефицит.

Definitions

A budget deficit occurs when an entity, such as a government, spends more money than it receives in revenue over a specific period, typically a fiscal year. This shortfall can lead to borrowing or the accumulation of debt to cover the difference.