The situation whereby government revenue is less than government expenditure is referred to as

When government expenditure exceeds its revenue, it leads to a budget deficit. This means that the government is spending more than it is earning. The deficit can be caused by factors such as high government spending on public projects, low tax revenue or both. The government can borrow money to finance the deficit, which can lead to an increase in public debt. The opposite of a budget deficit is a budget surplus, which occurs when government revenue exceeds expenditure. A balanced budget is when government expenditure is equal to government revenue. A budget statement is a document that outlines the government's plans for revenue and expenditure for a given period. An unfavorable budget is one that has more negatives than positives for the economy, such as higher taxes, reduced spending on social programs, or inefficient use of resources.