deficit spending

noun
the practice of spending funds in excess of income, especially by a government.

Origin:
1935–40

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To deficit spending
Example sentences
He's an unfortunate product of an economy that overstretched itself on bad
  loans and deficit spending.
It is the only type of deficit spending that makes sense today.
And its possible to do worse than get nothing from your deficit spending.
We had a debate about whether governments should respond to recessions with
  deficit spending or austerity.
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