Deficit spending

Deficit spending happens when a government’s expenditures are higher than the revenues it collects during a fiscal period and thus causes or worsens a government debt balance. Usually, government deficits are financed by the sale of public securities, especially government bonds. A number of economists, especially those in the Keynesian tradition, believe government deficits can be used as a tool of stimulative fiscal policy—Read more at Investopedia. Chen, James. “Deficit Spending.” 25 July 2018.