deficit financing

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deficit financing

The sale of debt securities in order to finance expenditures that are in excess of income. Generally, deficit financing is applied to government finance because income, represented by tax revenues and fees, is often unavailable to pay expenses. As with monetizing the debt, deficit financing puts upward pressure on interest rates because government debt securities compete with private securities for limited capital.

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City Councilman Jack Weiss, a Villaraigosa supporter, called the budget ``Christmas in April,'' and accused the mayor of deficit financing in allocating reserves from this year to next year's budget.

HAHN BOOSTS BUDGET 10% $566 MILLION WOULD FUND EXTRA COPS, PARKS, MORE by Daily News (Los Angeles, CA)

Don't forget, looming on the horizon next year is an even bigger deficit once the deficit financing bonds are exhausted" and the state can no longer rely on $1.

Massive battle looms over how the state will be run by Fine, Howard / Los Angeles Business Journal

The Ministry of Finance's (MOF) struggles to contain an explosion of deficit financing in the wake of the 1970s oil shock are the focus of the story.

Japan's Fiscal Crisis: The Ministry of Finance and the Politics of ... by DeWit, Andrew / Pacific Affairs

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