Deficit Spending

Government Deficits When the expenditures of a government (its purchases of goods and services, plus its transfers (grants) to individuals and corporations) are greater than its tax revenues, it creates a deficit in the government budget. When tax revenues exceed government purchases and transfer payments, the government has a budget surplus.
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Noun
1. spending money raised by borrowing; used by governments to stimulate their economy
(synonym) compensatory spending, pump priming
(hypernym) spending, disbursement, disbursal, outlay

Situation present when government spending overwhelms government revenue resulting in government borrowing. See: Deficit financing