Deficit spending
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Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus. The term may be applied to the budget of a government, private company, or individual. Government deficit spending is a central point of controversy in economics, as discussed below.
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See also
- Functional finance
- Deficit (disambiguation)
- Public debt
- Balanced Budget Amendment
- Keynesian economics
- Fiscal policy
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