1. A budget in which expenditures exceed revenues, resulting in a shortfall that must be financed through borrowing or reserves
The government approved a deficit budget to fund infrastructure projects during the recession.
O governo aprovou um orçamento deficitário para financiar projetos de infraestrutura durante a recessão.
2. A financial plan where planned spending is greater than projected income
The company operated under a deficit budget for two years before returning to profitability.
A empresa operou com um orçamento deficitário por dois anos antes de retornar à lucratividade.