Budget deficit
Budget deficit
Glossary of business
Definition of budget deficit
A budget deficit is a situation where the level of spending by the government (public expenditure) is greater than the level of revenue they receive from taxation. The gap between the two has to be filled by borrowing (also known as the Public Sector Net Cash Requirement (PSNCR)).
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Terminology about business
Job world
Definition and meaning of budget deficit
Meaning of budget deficit
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