deficit financing

WordReference Random House Unabridged Dictionary of American English © 2025

def′icit finan′cing, 

1. Business, Government (esp. of a government) expenditures in excess of public revenues, made possible typically by borrowing.

Collins Concise English Dictionary © HarperCollins Publishers::

deficit financing noun

1. government spending in excess of revenues so that a budget deficit is incurred, which is financed by borrowing: recommended by Keynesian economists in order to increase economic activity and reduce unemployment