what is budget deficit?
Is any of the following is same as budget deficit :
i) Budgetary deficit
ii) Deficit budget
Budget Deficit refers to the excess of total budget expenditure over the total budget receipts. In other words, budget deficit implies to a situation where the total budget receipts of the government falls short of the total budget expenditure of the government.
All the three terms- Budget Deficit, Budgetary Deficit and Deficit Budget are same and can be used interchangeably.
A financial situation that occurs when an entity has more money going out than coming in. The term "budget deficit" is most commonly used to refer to government spending rather than business or individual spending. When it refers to federal government spending, a budget deficit is also known as the "national debt." The opposite of a budget deficit is a budget surplus, and when inflows are equal to outflows, the budget is said to be balanced.
budgetary deficit is known as budget deficit