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Public Sector Deficit |
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Public Sector Deficit A situation in which government spending of money exceeds taxes collected. That is, a public sector deficit occurs when a government spends more than it receives in a given period of time, usually a year. The deficit adds to the government's debt, and, therefore, many analysts believe that public sector deficits are unsustainable over the long-term. See also: Surplus. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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