BUDGET DEFICIT

Pronunciation (US): (GB):

Meaning:

An excess of expenditures over revenues

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("budget deficit" is a kind of...):

deficit (an excess of liabilities over assets (usually over a certain period))

Hyponyms (each of the following is a kind of "budget deficit"):

federal deficit (an excess of the federal government's spending over its revenue)