When government spending overwhelms government revenue resulting in government borrowing.

A term which refers to the situation wherein he government spends more than it receives in taxes.

A term that describes a government's manner or habit of spending more than it receives in taxes.

government spending financed by borrowing rather than taxation.

the situation that exists when government expenditures are greater than revenues

A shortage that is financed by government borrowing. This shortage occurs when the amount of government expenditures exceeds government revenues. See: Deficit Financing

Deficit spending is the amount by which a government, private company, or individual's spending exceeds income over a particular period of time, also called simply "deficit," or "budget deficit," the opposite of budget surplus.