Meaning of structural deficit | Babel Free
Definitions
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.
Equivalents
Français
déficit structurel
Examples
“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.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.