Deficit financing is the financing of government spending through borrowing rather than revenue.
[US]
The overriding problem is the continuing deficit financing of the federal government.
2. uncountable noun
Deficit financing is the same as deficit spending.
[British]
deficit financing in British English
noun
government spending in excess of revenues so that a budget deficit is incurred, which is financed by borrowing: recommended by Keynesian economists in order to increase economic activity and reduce unemployment
Also called: compensatory finance, pump priming
deficit financing in American English
the practice of seeking to stimulate a nation's economy by increasing government expenditures beyond revenue sources (deficit spending)