A budget deficit is one element of some budgets but is not a "type" of budget. You may be thinking of a "deficit budget" (see below). To start: a budget is simply a spending plan - how much the...
fiscal deficit: not enough money
budget deficit: not as much money as you had planned to have in your budget
revenue deficit: not enough money coming in
trade deficit: you are spending more money...
Economic Effects of a Budget DeficitĀ· Increased borrowingThe govt will have to borrow from the private sector, it does this by asking the Bank of England to sell bonds and gilts to the private...