Deficit spending is the amount by which a government, private company, or individual's spending exceeds income over a particular period of time, also called simply "deficit", or "budget deficit", the opposite of budget surplus.
Government deficit spending is a central point of controversy in economics, as discussed below.
Read more about Deficit Spending: Controversy, Government Deficits, Government Deficits: Good or Bad?
Famous quotes containing the word spending:
“Chance is the one thing you can’t buy.... You have to pay for it and you have to pay for it with your life, spending a lot of time, you pay for it with time, not the wasting of time but the spending of time.”
—Robert Doisneau (b. 1912)