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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 ?
This is applied in almost every Western country, especially in the USA which has the highest budgetary deficit, which is usually financed by issuing the so called "treasury bills" or state records--adds Nenovski.
She faced a whole myriad of budgetary deficit to security, to agriculture.
Using a quantitative descriptive method and time series, the authors, emphasized the changes that occurred in the evolution of the GDP and the budgetary deficit between 2002 and 2008.
Land sale volumes are higher when a new local Chinese Communist Party chief takes office, or when the local government is in budgetary deficit.
Today's rating announcement primarily reflects heightened concerns on Naples' financial position following the materialisation of sizeable doubtful receivables, which will likely result in an unfunded budgetary deficit in FY2011.
It is similarly important to guarantee macro-economic stability through checking budgetary deficit and preserving adequate levels of external reserves.
In a bid to reduce its budgetary deficit in 2011, Luxembourg effectively increased Its top personal tax by 3%
From these programs, one can conclude that the future Macedonian Government will lead a policy of increasing budgetary deficit and constant debt of the country for its financing.
The "negative" outlook reflects concerns that Madrid's liquidity would strongly deteriorate if the city posts a budgetary deficit for 2011, and especially if the central government does not authorise the city to borrow in 2012, S&P said.
Pertaining to the economic crisis in Lebanon, Safadi highly regarded the government accountable, in collaboration with the Parliament, to solve budgetary deficit problem in order to limit public debt, being the major burden on our national economy.
However, the Sultanate posted a budgetary deficit of RO155.
The Chancellor said the coalition had ring-fenced major projects like HS2 despite the plans to cut the huge budgetary deficit and their impact on the public sector.