Eelarvepuudujäägid

Eelarvepuudujäägid refer to a situation where a government's or organization's expenditures exceed its revenues within a specific period, typically a fiscal year. This deficit means that more money is being spent than is being collected through taxes, fees, or other income sources. When a budget deficit occurs, the entity must find ways to cover the shortfall.

Governments often finance budget deficits by borrowing money, usually by issuing bonds or other debt instruments. This borrowing increases the national debt. Persistent budget deficits can lead to a rising national debt, which can have long-term economic consequences, including increased interest payments, potential inflation, and reduced fiscal flexibility.

There are various reasons why budget deficits can arise. These include economic downturns that reduce tax revenues, increased government spending on social programs, defense, or infrastructure projects, or significant tax cuts that are not offset by spending reductions. Managing budget deficits is a key concern for fiscal policy makers, who aim to achieve a sustainable balance between government spending and revenue. Policies to address deficits can involve raising taxes, cutting government expenditures, or a combination of both. The economic impact of a deficit depends on its size, how it is financed, and the overall economic context.