Budget deficit
The gap when a government spends more in a year than it collects. Deficits accumulate into debt; a surplus pays it down.
Related: Policy rate · Real interest rate · Mortgage rate · Annuity loan · CPI (Consumer Price Index)
The gap when a government spends more in a year than it collects. Deficits accumulate into debt; a surplus pays it down.
Related: Policy rate · Real interest rate · Mortgage rate · Annuity loan · CPI (Consumer Price Index)