Real Dictionary

deficit financing
uncountable noun: Deficit financing is the financing of government spending through borrowing rather than revenue.

deficit financing in American English
the practice of seeking to stimulate a nation's economy by increasing government expenditures beyond revenue sources (deficit spending)
noun: expenditures in excess of public revenues, made possible typically by borrowing

deficit financing in British English
noun: government spending in excess of revenues so that a budget deficit is incurred, which is financed by borrowing: recommended by Keynesian economists in order to increase economic activity and reduce unemployment