Encyclopedia > Budget deficit

  Article Content

Budget deficit

A Budget deficit occurs when an entity, usually a government spends more money than it takes in. The opposite is a budget surplus. Budget deficits are important political issues. From 1970 to 1997, the United States Government ran significant deficits. By 1998, budget surpluses became common, lasting through 2001. An issue about counting so-called "off-budget" items such as Social Security, which are presently running a large surplus, complicates discussion of budget deficits.

Related Legislation

Related Pages

External Links

All Wikipedia text is available under the terms of the GNU Free Documentation License

  Search Encyclopedia

Search over one million articles, find something about almost anything!
  Featured Article
Interstate Commerce Commission

... so-called Fourth Branch[?] agencies. Its aim was to regulate surface transportation (initially railroads, later trucking[?]), to ensure fair prices and regulate other ...