Definition, Meaning & Synonyms
reduce-the-deficit
Phrase
/rɪˈdjuːs ðə ˈdɛfɪsɪt/
Definition
To lessen the difference between the amount of money spent and the amount of money earned, often referring to government budgets.
Examples
- The government plans to reduce the deficit by cutting unnecessary expenses.
- By implementing new tax policies, we aim to reduce the deficit over the next few years.
- Many economists suggest that reducing the deficit is essential for long-term economic stability.
Meaning
To make efforts to decrease a budget shortfall or financial deficiency.
Synonyms
- Lower the shortfall
- Decrease the budget gap
- Trim the deficit
- Minimize the financial shortcoming
