Budget deficit
The amount by which government spending exceeds government revenues. |
Similar financial terms
Zero-base budgetingThe zero-base budgeting (ZBB) method disregards the previous year's budget in setting a new budget, since circumstances may have changed. Each and every expense must be justified in this system.
Budget
A detailed schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget.
Capital budget
A firm's set of planned capital expenditures.
Capital budgeting
The process of choosing the firm's long-term capital assets.
Cash budget
A forecasted summary of a firm's expected cash inflows and cash outflows as well as its expected cash and loan balances.
