structural deficit
Word Rarity
Rare
Frequency: Zipf frequency 3.81 in modern English
25
Scrabble Score
17
Letters
3
Syllables
11
Unique Chars
Meaning
noun
That portion of the public sector deficit which exists even when the economy is at potential. Government spending beyond government revenues at times of normal, predictable economic activity, as opposed to a cyclical deficit.
Example Sentences
- "Canadian Parliamentary Budget Officer Kevin Page maintained that the government has a structural budget deficit which will only decline gradually to C$13.7 billion in 2014/15 in spite of C$17.6 billion in cost savings announced by the government last week."
Etymology
From structural + deficit.