Deficit Budget
/ˈdɛfɪsɪt ˈbʌdʒɪt/
Definitions
- (n.) A financial plan where anticipated expenditures exceed anticipated revenues, commonly used in public finance and government law.
The legislature approved a deficit budget to cover urgent infrastructure projects despite lower tax revenues.
Forms
- deficit budget
- deficit budgets
Related terms
See also
Commentary
The term is primarily applied in public law contexts to denote governmental fiscal planning; drafters should specify the period and scope to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.