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.
DEFINITION of 'Budget Deficit'. A status of financial health in which expenditures exceed revenue. The term  budget deficit  is most commonly used to refer to government spending rather than business or individual spending.