Deficit financings refer to the practice of financing government operations or expenditures by borrowing money rather than by increasing tax revenues. Common synonyms for this term include deficit spending, debt financing, and government borrowing. Other related terms include budget deficits, fiscal deficits, and national debt. Some of these terms are used interchangeably, but each has its own nuances. For example, budget deficits refer specifically to the difference between government revenues and expenditures in a given fiscal year, while national debt refers to the cumulative amount of money a government owes over time. Regardless of the term used, deficit financings are a contentious issue in many countries, with proponents arguing that they are necessary for economic growth and stability, while critics decry them as reckless and unsustainable.