Glossary
Opinions
Articles
Beginners Course
Lecture Modules - PDS
Exams
New Highs
Winning Shares
Lecture Modules - Resellers
About - Background Approach
Privacy Policy
Daily Quiz
Software Download Steps
Logout
Dashboard
Log out
The amount by which the government's expenditures exceed its income in a specific tax year, usually expressed as a percentage of gross domestic product (GDP). In most years, the government spends more than it collects in income taxes and other revenues. The difference is made up by borrowing. In October 2024, it was expected that the deficit would be approximately 4% of GDP and expected to fall further in coming years.