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tax expenditure

TAX ik-SPEN-dih-cher

tæks ɪkˈspɛndɪtʃər

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Syllable breakdown

taxexpenditure

Dictionary meaning

revenue foregone by government due to tax reliefs, exemptions, deductions, and preferential rates; often used as an alternative to direct spending to incentivize certain behaviors; subject to less scrutiny than direct budget appropriations

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