budget deficit

• Situación financiera en la que un gobierno, organización o particular gasta más dinero del que ingresa o recibe durante un período determinado, lo que genera un déficit que debe cubrirse mediante préstamos o uso de reservas.

A financial situation where a government, organization, or individual spends more money than they earn or receive over a specific period, resulting in a shortfall that must be covered by borrowing or using reserves.

1. Financial shortfallB2formal

   A situation where a government, company, or individual spends more money than they earn or receive over a specific period.

   déficit presupuestario

   • The government is trying to reduce the budget deficit by cutting unnecessary expenses.
   • A large budget deficit can lead to increased national debt.
   • The company's budget deficit forced it to take out a loan.

2. Economic indicatorB2formal

   The amount by which spending exceeds revenue in a given fiscal year, often used to assess the health of an economy.

   Déficit presupuestario

   • The budget deficit has grown by 5% compared to last year.
   • Politicians often debate how to address the budget deficit.
   • A persistent budget deficit may require tax increases or spending cuts.