Revenue deficit

Revenue deficit

1. In general use, this seems to be essentially the same as a budget deficit, but with attention given to the low level of revenue rather than to the high level of expenditure. 2. More precisely, this means a larger deficit (or smaller surplus) than had been budgeted for.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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