| 单词 | budget deficit |
| 释义 | budget deficit budget deficit An excess of government expenditure over government income, which must be financed either by borrowing or by printing money. Keynesians have advocated that governments should run budget deficits during recessions in order to stimulate aggregate demand. Monetarists and new classical macroeconomists, however, argue that budget deficits simply stimulate inflation and crowd out private investment. Most economists now agree that, at least on average, governments should seek a balanced budget and that persistent deficits should be eliminated, either by reducing expenditure or increasing taxation. In some cases a budget surplus can be used during a boom to collect more revenue than is being spent. In the UK the budget deficit is now officially known as the Public Sector Net Cash Requirement. |
| 随便看 |
|
英汉经管词典收录了6519条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。