Fiscal Deficit

What is Fiscal Deficit?


1.

the gap between revenues and expenditures for a government (over a given period of time); often referred to as an internal deficit or public deficit.

The public deficit accumulates over each time period (usually a year) into what is known as the public debt.

According to Keynesian and Neo-Keynesian economic theory, fiscal deficits are usually the most effective tool for stimulating economic activity; the actual choice of how the money is spent is less important.

In the USA, most states are not allowed to run fiscal deficits. In other federal republics, such as India and Argentina, they are allowed and frequently account for much of those countries' internal deficits.

See public deficit, internal deficit, nipa


0

Random Words:

1. Nigga Horn( Ni Ga' Ho Rn) The horn they play constantly on the radio that sounds like some sort of trumpet. Usually after debuting ..
1. To spend way too much time completely screwing something up, thinking you've invested a lot of time in something, being proud of it..
1. n.A male of asshole(ish) nature; lacks common sense. v. "to pull a Bigmike": to cheat on the girl you date for 2 months with..