Deficit spending facts for kids
Deficit spending is when someone is spending more money than they have. In other words, it is when there is more spending than there is revenue. It is also called simply deficit, or budget deficit. The opposite of a deficit is a budget surplus. The term may be used for the budget of a government, private company, or person.
Government deficit spending is a point of controversy in economics, with important economists having different views.
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Images for kids
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Structural (blue) and cyclical (green) components are summed to give the headline deficit/surplus (red) for a hypothetical economy
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Deficit spending Facts for Kids. Kiddle Encyclopedia.