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Definition of deficit spending noun from the Oxford Advanced Learner's Dictionary

deficit spending

noun
 
/ˈdefɪsɪt spendɪŋ/
 
/ˈdefɪsɪt spendɪŋ/
 [uncountable] (economics)
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  1. government spending of money that comes from borrowing rather than from taxes
    • Many are worried about deficit spending and public debt.
    • As the government borrows more to pay for its deficit spending, interest rates rise and businesses suffer.
    Topics Moneyc2
See deficit spending in the Oxford Advanced American Dictionary
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