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?
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“Economy does not lie in sparing money, but in spending it wisely.”
—Thomas Henry Huxley (1825–95)