Assertion: budget | /r/AtLocation | deficit
Facets:
Source sentences:
text: A budget is in balance if revenues equal expenditures, in deficit if the person or company must resort to borrowing to meet expenses, and in surplus if money is left over to be used for savings or expansion.
text: A government may also knowingly plan the budget to be in deficit in order to sustain the country's standard of living and continue its obligations to the citizens, although this would generally be an indication of poor economic management.