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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 ?
He observed that government while ignoring the warning committed blunders therefore, the inflated budgetary statistics and cosmetic approach resulted into Rs 60 billion budgetary deficit.
Growing expenditures on interest and on the cost of Croatia's European Union membership in 2014 will lead to an increase in the budgetary deficit of some 8 billion kuna, with overall expenditures expected to reach HRK 131.
A report issued by the investment bank HC found out that the decades-long subsidy system makes it hard for the Egyptian government to cut subsidies, a matter that exacerbates the country's budgetary deficit.
Sudan should have been the country which should be showing seriousness not just in promoting better relations with us and in the implementation of the cooperation [agreement] because it is the one of the countries which enjoys immense economic benefits from the oil proceeds but that we are the first African country to provide a huge financial assistance to close their budgetary deficit.
The UK is facing sever financial difficulties, with a huge budgetary deficit and an economic recession that has lasted for more than 6 years, analysts said.
It is hugely disappointing because of good relationships that have been developed with wonderfully professional organisers and causes financial difficulty because it leaves the park with a budgetary deficit of more than PS50,000 in the coming financial year.
They feel it more profitable and secure to go on lending to the government, as Islamabad is on a borrowing spree to meet its ever-widening budgetary deficit.
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.
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.
That document revealed that unless revenue and expenses were seriously adjusted, the Quebec government was headed for a budgetary deficit of $10 billion in 2013/2014.