word
Structural Deficit
STRUK-cher-ul DEF-ih-sit
/ˈstrʌktʃərəl ˈdɛfɪsɪt/Listen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
structuraldeficit
Dictionary meaning
The portion of a government's budget deficit that exists even when the economy is operating at full potential output, reflecting a fundamental imbalance between long-run spending commitments and tax revenues rather than cyclical fluctuations
Examples
- The commission found that even after the economy recovered, the structural deficit would persist because of ageing population costs.
- Distinguishing between a structural and a cyclical deficit is essential for deciding whether fiscal consolidation is needed.
Synonyms: underlying deficit, trend deficit, full-employment deficit
Pronunciation tips
Six syllables; stress the first and fourth: STRUK- and DEF-; contrast with cyclical deficit
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