Deficit Spending: Spending in excess of revenue
Deficit spending is when someone is spending more money than they have.
In other words, it is when there is more spending than there is revenue. It is also called simply deficit, or budget deficit. The opposite of a deficit is a budget surplus. The term may be used for the budget of a government, private company, or person.
Government deficit spending is a point of controversy in economics, with important economists having different views.
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