BUDGET DEFICIT Definition

Bookmark and Share

BUDGET DEFICIT is usually the difference between government spending and revenue and thus the amount that needs to be borrowed. Definition varies between countries.

Learn new Accounting Terms

OTHER CURRENT ASSETS relates to any other current assets. Does not include prepaid items.

DISCRETIONARY COST can be increased or decreased at the discretion of the decision maker (e.g., advertising and business travel).

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.