Budget deficit is the amount by which the government's expenditures exceed its receipts during a specified period of time, usually a year.

Name: Budget deficit is the amount by which the government's expenditures exceed its receipts during a specified period of time, usually a year.
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Budget deficit occurs when government spending is greater than its revenue or income. It is usually measured annually and is an indicator of a government's financial health.

Budget Deficit Is the Amount by Which the Government's Expenditures