FEDERAL DEFICIT
federal deficit: translation
(federal surplus )
When federal government expenditures are exceeded by federal government revenue. Bloomberg Financial Dictionary
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federal deficit federal deficit ➔ deficit
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federal deficit UK US noun [C] FINANCE, GOVERNMENT, ECONOMICS
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The Congressional Budget Office projects this year's federal deficit at around $172 billion.
eliminate/reduce/add to the federal deficit »
Senate Democrats pledged to pay for new tax cuts or programs rather than add to the federal deficit.