budget deficits

Meanings

• noun

  A situation where a government or organization spends more money than it has come in through revenue, resulting in a shortfall.

  - "The government's budget deficit for the current fiscal year is projected to be over $1 trillion."
  - "The company's budget deficit forced it to declare bankruptcy."

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Variants

List of all variants of budget deficits that leads to same result
deficit , deficits

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'deficit' comes from the Latin word 'deficere', which means 'to fall short'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The largest budget deficit in U.S. history was recorded during World War II, when the government spent over $270 billion more than it took in.

2. Many economists argue that small budget deficits can actually stimulate economic growth, but large deficits can lead to economic instability.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Surplus: The opposite of a budget deficit, where revenue exceeds expenses.

2. National Debt: The total amount of money owed by a government to its lenders, which can be influenced by budget deficits.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Budget deficits have been a topic of concern in politics and economics for centuries. They can lead to increased debt and inflation, and can impact the overall stability of an economy.

How to Memorize "budget deficits"

1. visualize
   

   - Imagine a scale where expenses outweigh revenue, resulting in a budget deficit.

2. associate
   

   - Associate the term 'budget deficit' with the image of a red ink spilling from a ledger.

3. mnemonics
   

   - Use the acronym 'D-E-F-I-C-I-T' to remember that it stands for 'Deficiency in Income, Compensated by Debt'.

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