BUDGET DEFICIT • DICCIONARIO INGLES.COM • Definition of Budget deficit

... system of state orders and distribution persists. In mid-1994, the Belarusian government embarked on an austerity program with IMF support to slash state credits and consumer subsidies in order to bring down the budget deficit and reduce inflation. However, despite its promising start, the regime's drive to reinvigorate the economy has fallen short, and the IMF has criticized its failure to implement the reforms that the Fund ...

— The 1995 CIA World Factbook • United States Central Intelligence Agency