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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 ?
The Treasury Department said Wednesday the budget deficit in March totaled $198.
The expected budget deficit for the current fiscal year will represent 10.
This budget deficit would double to €90 billion by next year, this year's federal budget alone would exceed €50 billion, up from a deficit of €11.
First among these measures--and the one meaningful action the Administration and Congress can undertake in short order--is to forge a serious and workable plan to reduce the federal budget deficit over the next five years, and the trajectory of future deficits going further forward.
The first group of studies has examined the possibility of non-stationarity in budget deficits by conducting tests of unit roots.
The CBO also confirmed its earlier estimate that the federal budget deficit for the fiscal year ending this September 30th (fiscal year 2003) will be $401 billion, smashing the previous record of $290 billion, set in 1992.
Federal Government Budget Deficits and Interest Rates: A Brief Empirical Note.
The next president of the United States must effectively deal with the budget deficit.
Low long-term rates in so many parts of the world--in spite of higher oil prices, larger budget deficits, higher short-term interest rates in the United States, and pick-up in economic activity in Japan--have baffled both policymakers and market participants.