deficit

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Deficit

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.

Cross-references

Federal Budget.

deficit

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.

deficit

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 ?
I've got one tiny bit of sympathy with the Osborne plan to mandate a budget surplus.
Even at the conservative oil price assumption of $65 a barrel, Qatar had projected a budget surplus of QR7.
This $2 billion budget surplus blows Tim Pallas' claims out of the water.
The report, issued by the research department of Jadwa Investment Company, said this year's budget surplus could reach 3.
Although the budget surplus might seem low compared to the surplus of last January, which was TL 5.
The central government had a primary budget surplus of 1.
Hitting a primary budget surplus, before interest payments, is key for Greece because it would trigger a clause in its EU/IMF bailout allowing it to seek further debt relief from its lenders.
A country's financial balance is the ratio of a country's budget surplus or deficit to its gross domestic product (GDP), expressed as a percentage.
Kuwait's large budget surplus has been buoyed by strong oil revenues, which account for around 95 per cent of its revenue
6 percent of gross domestic product by 2016, compared to the budget surplus of 12 percent of GDP it predicts for this year.
According to the Ministry of Finance's preliminary estimate released on 12 July, the federal budget surplus amounted to RUB247.
The reason given for ending the scheme was to reduce spending and make savings, but now 16 months later in June 2012 Kirklees Council has a budget surplus of pounds 15.