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Meaning of budget deficit

 

 

 

Budget deficit

 

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Business glossary

 

Meaning of term 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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Budget deficit

 

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Meaning of term budget deficit

 

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