deficit financing


noun

(especially of a government) expenditures in excess of public revenues, made possible typically by borrowing.

British Dictionary definitions for deficit financing

deficit financing

noun

government spending in excess of revenues so that a budget deficit is incurred, which is financed by borrowing: recommended by Keynesian economists in order to increase economic activity and reduce unemployment Also called: compensatory finance, pump priming

Cultural definitions for deficit financing

deficit financing

A government policy of financing large public expenditures by borrowing money rather than by raising taxes; also called deficit spending.