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A deficiency, misappropriation, or defalcation; a minus balance; something wanting.

Deficit is commonly used to mean any kind of shortage, as in an account, a number, or a balance due. Deficit spending or financing involves taking in less money than the amount that is paid out.


Federal Budget.


n. a shortage, less than is due, or in the case of a business or government budget, more expenditures than income. Unbalanced budgets with a planned year-end deficit are prohibited at every level of government except the federal.


noun absence, arrears, balance to pay, dearth, default, deficiency, financial shortage, inadequacy, insufficiency, lack, loss, meagerness, omission, overdraft, paucity, scantiness, scarcity, shortage, shortness
See also: arrears, debt, decrement, deficiency, delinquency, due, insufficiency, need, poverty

DEFICIT. This Latin term signifies that something is wanting. It is used to express the deficiency which is discovered in the accounts of an accountant, or in the money in which he has received.

References in periodicals archive ?
Do not worry so much about what the budget deficit is going to do.
The Romanian central bank has issued a warning on budget deficits.
federal budget deficit is running slightly lower than last year through the first six months of the government's fiscal year, but it still is on track to top $1 trillion for a fourth consecutive year.
The Office of Management and Budget, an arm of the White House, slightly cut its estimate of the budget deficit for fiscal 2010 through Sept.
At the same time, in the cases of Bulgaria and Finland, ECOFIN has demanded that the two countries rectify their budget deficits according to the standard timetable
77 percent of GDP and that was the second lowest budget deficit in Europe.
The scale of the budget deficits should be seen as a measure of the extent of the recession and its effects: any regrets over the size of the budget deficit should be regrets over the scale of the recession, which has made the deficit necessary.
The budget deficit will soar well over 4% of gross domestic product (GDP) in 2010 which will breach European Union rules," said Peer Steinbrueck, German Finance Minister.
Fueling the current account deficit is the Federal budget deficit, which, while down from 3.
Muroc has had budget deficits for the past five years, a not-uncommon fiscal condition because 522 districts, more than half of the districts in the state, are deficit spending, Summerbell said.
budget deficits set off all sorts of economic reactions.
However, the profits to be generated will help offset general budget deficits and can be used for education.