The condition of an economic unit where expenses exceed income (a situation for an economic unit where expenses exceed income). – The government spends more than it takes in (relating to general government: the amount by which outlays exceed receipts in a given fiscal period). – See deficit spending, deficit ratio, budget deficit, insolvency, sustainability, nonaffectation principle, parafiscus, debt brake, government debt, government debt pressure, Stability and Growth Pact, sunset proviso.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/