deficit

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Related to Deficits: Budget deficits, Trade deficits

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 ?
One of the key reasons for the increasing budget deficit from July through November was roughly Rs625-billion cost of domestic and foreign debt servicing, said officials in the Ministry of Finance.
ISLAMABAD -- The latest trade deficit on account of our international trade (import/export) released on July 10 by the Pakistan Bureau of Statistics for 12 months period (July 2011 to June 2012) is frightening.
BEIRUT: Central Bank figures said that Lebanon's balance of payments posted a deficit of $289.
Analysts said there are two main reasons for this rising current account deficits, first higher trade deficit and secondly shrinking foreign inflows, excluding remittances being sent by overseas Pakistanis.
EU's Economic and Financial Affairs Council (ECOFIN) has confirmed the decision of the European Commission to terminate the excessive deficit procedure against Bulgaria.
At the same time, under pressure from Paris, the Commission gave Ireland, France, Spain and the UK one-year extensions to correct their deficits.
Literature review Rosenswieg and Tallman (1993) investigated two questions: in the US economy, do increased government deficits cause dollar appreciation, and do fiscal deficits lead to higher trade deficits.
ITEM: An Associated Press article in USA Today, entitled "Federal Deficit Now Lowest in 4 Years," reported on October 11: "The federal deficit fell to a four-year low in the budget year that just ended, a result President Bush pointed to Wednesday in claiming Republicans are better stewards of the economy than are Democrats.
Muroc has had budget deficits for the past five years, a not-uncommon fiscal condition because 522 districts, more than half of the districts in the state, are deficit spending, Summerbell said.
For example, identification of phonological decoding deficits is evidenced across various subtypes of reading disabilities, persists over time, and serves as a basis for planned and efficient intervention.
Because the federal government finances its budget shortfalls by issuing debt instruments to savers, budget deficits (all else constant) reduce the amount of private savings available for financing private investment here--and raise interest rates in the bargain.