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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 ?
Meanwhile, the Conservatives' slim majority in the House of Commons likely means it will be impossible for the Chancellor to get political support for a further intensification of austerity in order to obtain a budget surplus.
A recent Reuters dispatch showed Qatar's budget surplus in the first quarter of this financial year (April-June) at QR79bn compared with a deficit of QR24.
Corollary to the budget surplus in May, the data also showed that government expenditures dropped 4 percent year-on-year to P160.
I think we are close to converging on a common, realistic estimate that there will be a small, viable primary budget surplus this year," the official said, after the first meeting in the latest review of Greece's bailout by its lenders.
The expansion of the budget surplus also harms the money market: at present, Central Bank of Russia refinancing operations are the main source of liquidity for banks (their debt on these operations is close to RUB2.
Announcing the budget for 2012, the Saudi Finance Ministry said it projected a budget surplus of 12 billion riyals ($3.
NORDIC BUSINESS REPORT-December 7, 2011--Sweden's Nov 2011 budget surplus misses expectations(C)2011 M2 COMMUNICATIONS http://www.
Summary: Kuwait Q1 budget surplus widens to $20 bln
M2 EQUITYBITES-May 18, 2011--Swedish debt office expects higher budget surplus in 2011(C)2011 M2 COMMUNICATIONS http://www.
Summary: Kuwait posted a preliminary budget surplus of 8.
Brazil's budget surplus excluding debt-servicing more than doubled in February from a year earlier, thanks to a combination of rising tax collections and restrained payroll spending, the central bank data said.
DOHA A SURGE in gas exports coupled with strong oil prices will allow Qatar to record a budget surplus of 10.