Dace definition: A dace is a type of fish that lives in rivers and lakes . | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog English
A budgetary situation when the expenses incurred by the government are over and above the tax revenues taken in. Also called Federal Debt.
federal budget deficit. The financial shortage of the federal government's budget. It represents more money being spent than is coming in via taxes and other income. As the federal budget deficit grows, it becomes increasingly important that GDP growth keeps pace with it, so that an equilibrium can be reached.