Gauge used by forex traders that measures how far the spending of a government exceeds its tax receipts. Governments that need to spend more than the revenues they receive will issue debt in order to borrow from its citizens in order to make up any difference. Also called federal debt.
Browse by Subjects
See All Related Terms »
restated balance sheet
Big Board, The
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):