The phrase "incur a deficit" is grammatically correct and commonly used in written English.
It means to accumulate or acquire a shortfall or a negative balance in finances or resources. One can use this phrase when discussing financial matters or budgets, such as in the following example: "Despite their efforts to cut costs, the company still managed to incur a deficit of $500,000 this quarter."
More than 7 in 10 Democrats and 6 in 10 independents said they would rather put off cutting taxes than incur a deficit.
With Canada in a mild recession, he has said that a Liberal government will incur a deficit in order to fund infrastructure.
It would be possible to incur a deficit in one year provided there was a workable plan to recover it in subsequent years.
At its current rate of spending, Roosevelt is expected to incur a deficit of up to $6 million by the end of the year on a $39 million budget.
In comparison, the American-born population incurred a deficit of $28 billion over the same period.
They fear that the budget deficit is too much of a burden for the nation, and 6 in 10 favor postponing the Bush tax cut rather than incurring a deficit.
Gulf economies are now budgeting for an assumed oil price of around $60 a barrel this year but insist that they will continue spending regardless, to build and diversify their economies, incurring a deficit if needs be.
For example, Coase44 strongly objected to setting utility prices at short-run marginal costs, especially where marginal costs are below average costs (thereby incurring a deficit and requiring a public subsidy).
THOU shalt not incur a structural deficit.
Gov. Mike Huckabee said the state would probably incur a $56 million deficit without action by the General Assembly before June 30, the end of the fiscal year.
Another could be for the states to relax their prohibitions on deficit spending recognizing that incurring a fiscal deficit today might be worth it to avoid a growth deficit tomorrow.
