deficit-financing

deficit financing

noun
(especially of a government) expenditures in excess of public revenues, made possible typically by borrowing.
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World English Dictionary
deficit financing
 
n
compensatory finance, Also called: pump priming 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

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Cultural Dictionary

deficit financing definition


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

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
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