federal deficit

1. 1.

   an excess of the federal government's spending over its revenue

   “federal deficits can cause inflation”

   Broaderbudget deficit

Questions about federal deficit

What does federal deficit mean?

federal deficit means "an excess of the federal government's spending over its revenue".

Is federal deficit a common word?

federal deficit is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.