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 ?
Thus, it appears that the federal budget deficit does not raise the S&L failure rate to any significant degree.
Even with the focus on altruistic reasons for reducing the deficit, more than one-third state that entitlement programs for the elderly and the poor, combined with spending on education, contribute a great deal to the fact the federal government has a budget deficit.
To some degree, the effects of federal budget deficits over the past decade or so have been muted by two circumstances that are unlikely to persist in the future.
Yet because of the way the government keeps its books, these huge liabilities totaling several hundred billion dollars are not even acknowledged in each year's solemn announcement of the budget deficit, nor are they counted as part of the national debt.
The budget deficit should begin climbing down in 2014 and this process will surely take 7-8 years.
The national budget deficit is BGN 455 M, the EU funds one a BGN 196 M.
To cover the budget deficit in 2015, funding sources in the amount of 25 billion 124 million som ($431.
com/articles/161107/Budget+Committee+in+Parliament+Approves+State+Debt+Emission"> took a BGN 3 B state loan to pay off old debts and cover the budget deficit.
The North African state has forecast a budget deficit of 8 percent of gross domestic product this year.
The approved budget will push the budget deficit down to 10% of GDP, some EGP 240bn.
ySTANBUL (CyHAN)- Commenting on budget deficit figures released on Friday, Finance Minister Mehmet E[currency]imE-ek said the TL 7.
Kuala Lumpur, Dhu-AlHijjah 20, 1434, Oct 25, 2013, SPA -- Malaysian Prime Minister Najib Razak on Friday unveiled plans to impose a 6-per-cent consumption tax and abolish a sugar subsidy, as his government aims to cut the budget deficit, dpa reported.