WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint:double-click any word to get it searched!
fiscal deficit
Definitions from the Web
Fiscal Deficit
A fiscal deficit refers to the amount by which a government's total expenditures exceed its total revenues during a certain period, typically a year. It indicates the extent to which a government is spending more than it is earning.
In economics, the fiscal deficit is an important indicator of a country's financial health and economic stability. It is often used to assess the effectiveness of a government's fiscal policies in managing public finances.
Sample Sentence:
The government faces an enormous fiscal deficit due to excessive spending on welfare programs.
High fiscal deficits can lead to inflation and currency devaluation.