deficit

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Related to Government deficit: budget deficit, Government debt

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 ?
We think the general government deficit will remain 2.
The Government remains committed to the main fiscal target of a general government deficit below 3 per cent of GDP in 2015, at 2.
In the Euro area the government deficit to GDP ratio decreased from 3.
In the eurozone, government deficit to GDP ratio decreased from 3.
Brendan Barbour, the British Trade Union Congress General Secretary, said millions of public sector workers were paying for a government deficit they did nothing to create.
The former minister criticized March 8 ministers for allegedly helping to make the 2010 government deficit "the largest in 20 years.
THE Birmingham Mail makes a number of l useful points in its editorial on September 8, but little is said about the causes of the massive government deficit.
IRELAND had the biggest government deficit in the EU last year - even worse than Greece, figures revealed yesterday.
We have gone to the other pole of saying there's a massive government deficit, we have got to be upfront with the public about how we deal with it.
SIR - By focusing on this year's record government deficit standing at 12.
THE EUROPEAN Commission has effectively accused Greece of fraud over its misreporting of government deficit figures.
For example, it is interesting to determine whether government deficit spending to increase aggregate demand would raise output.

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