deficit financing
noun[U]
ukusECONOMICS
thepracticeof agovernmentborrowingextramoneythat itneedsbecause it isspendingmore than itreceivesfromtaxes, etc.:
Looming behind thecurrentconcernis thehugeoverhangofJapanesegovernmentdebt,resultingfrom adecadeofdeficitfinancing.