deficit spending
noun /ˈdefɪsɪt spendɪŋ/
/ˈdefɪsɪt spendɪŋ/
[uncountable] (economics)- 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.