"The university is budgeting for a deficit."
I wonder what this means.
1. The U has incurred or is expected to incur a deficit
of 1,000 dollars, so a new budget is parepared to take
care of it. ???
2. Is the budget itself a deficit? The expected income is
1,000,000 dollars, but the expected expenditure is
1,005,000 dollars. ???
3. anything else?