Fiscal Deficit
/ˈfɪskəl ˈdɛfɪsɪt/
Definitions
- (n.) The shortfall between a government's total revenue and its total expenditure, signifying the amount the government needs to borrow to meet its expenses.
The government faced a fiscal deficit due to increased public spending and reduced tax revenues.
Forms
- fiscal deficit
- fiscal deficits
Related terms
See also
Commentary
In legal and financial texts, 'fiscal deficit' often appears in statutes and regulatory documents relating to government borrowing and budgetary controls.
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.