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WordNet-Online
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Definitions from the WebBudget DeficitDefinition:A budget deficit refers to a situation in which a government, company, or individual's spending exceeds their total income or revenue. Senses and Usages:1. Government Budget DeficitIn the context of government finances, a budget deficit occurs when the government's spending surpasses the revenue it generates through taxes, fees, and other sources. This shortfall is typically funded by borrowing money. Sample Sentence: The government had to increase taxes to cover the budget deficit. 2. Company Budget DeficitFor businesses, a budget deficit signifies that the company's expenses exceed its income. This situation can arise due to various factors, such as poor financial management, economic downturns, or unexpected costs. Sample Sentence: The company had to downsize its workforce to overcome the budget deficit. 3. Personal Budget DeficitOn an individual level, a budget deficit occurs when a person's spending exceeds their income, resulting in a negative cash flow. This can lead to mounting debts and financial difficulties. Sample Sentence: John had to cut down on his expenses to avoid a personal budget deficit. Related Products: | ||||
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