Deficit spending
Spending in excess of revenue
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📌 Topics
- Economy (1)
- Government Finance (1)
- Public Policy (1)
🏷️ Keywords
National debt (1) · Budget deficit (1) · CBO (1) · Fiscal policy (1) · Donald Trump (1) · Tax revenue (1) · Federal spending (1)
📖 Key Information
Within the budgetary process, deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit, the opposite of budget surplus. The term may be applied to the budget of a government, private company, or individual. A central point of controversy in economics, government deficit spending was first identified as a necessary economic tool by John Maynard Keynes in the wake of the Great Depression.
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People and organizations frequently mentioned alongside Deficit spending:
- 🌐 Fiscal policy (1 shared articles)
- 🌐 CBO (1 shared articles)
- 👤 Donald Trump (1 shared articles)
- 🌐 Government debt (1 shared articles)