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Related to Deficits: Budget deficits, Trade deficits


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 ?
If not addressed, then these deficits will affect the fabric of our society.
Summary: Central Bank figures said that Lebanon's balance of payments posted a deficit of $289.
EU's Economic and Financial Affairs Council (ECOFIN) has confirmed the decision of the European Commission to terminate the excessive deficit procedure against Bulgaria.
There is another linkage of the twin deficits, which can be explained through the Keynesian open economy model with high capital mobility.
When the dollar depreciates, it actually narrows our net liability position instead of increasing it and this tends to stabilize the net international liability position even in the face of large current account deficits.
In addition, when you have deficits you have debt payments, and that burden on the economy is skyrocketing--totaling $406 billion in fiscal 2006.
Democrats have attacked the soaring trade deficits as evidence that the Bush administration's trade policy has been a failure that has opened up U.
While the definition of learning disabilities has been the subject of controversy for decades, the current federal classification system identifies three specific areas of deficit: reading, written language, and mathematics and maintains the presumption that the disabilities are a result of a central nervous system dysfunction, in contrast to the expansive literature base in language arts, research on math disability is far less developed and continues to lack an empirically-based identification of core deficits.
finances its current account deficits by issuing financial claims--stocks, bonds, Treasury issues, bank accounts, etc.
From the Republican Party Platform: "These deficits are due to a number of circumstances: the stock market downturn .
African Americans, haunted by double-digit unemployment rates and federal deficits to cover policy makers with excuses for not funding programs, now face another threat: a "buy now, pay later" federal budget that mortgages the future and proposes tax cuts that favor America's rich.
The Washington-based Center on Budget and Policy Priorities believes the 50 states collectively must close between $60 and $80 billion in deficits for the 2004 fiscal year, which for most states starts in June 2003.