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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 ?
It is also mentioned in a statement for financing of the fiscal deficit, the government of Pakistan relied heavily on bank borrowing, which financed about 93 percent of the fiscal deficit in Q1-FY2018.
This lower pace of drawdown is partly due to ongoing debt issuance and the fiscal deficit narrowing.
The Chief Economic Advisor, Arvind Subramanian, in his dissent note, referred to fiscal deficit targets as arbitrary.
The finance ministry figures released showed that fiscal deficit has been widened to 3.
The bank said that Malaysia would face a challenge in its fiscal consolidation efforts to reduce the fiscal deficit this year.
Given Saudi Arabia's dependence on the volatile hydrocarbon sector, we expect that low oil prices will continue to drive fiscal deficits for several years.
So far this year the picture has been mixed, with short-lived improvements stemming from lower oil prices and higher fiscal revenue, but policy action remains insufficient to curb the fiscal deficit," the credit analysis report added.
Independent forecasts reportedly show that Scotland would have a fiscal deficit of 5.
The minister also admitted that the growing fiscal deficit was a direct reaction to the policies adopted by the UPA government.
Fiscal deficit problems arise because of excessive public expenditure over public revenue.
While we expect the EC to give the Slovene government more time to reach a deficit of 3% of GDP (probably until 2015), we expect Slovenia to remain under the EDP given: i) its current fiscal deficit above 3% of GDP (-4% in 2012 and probably around -8% in 2013 due to capital injections - around -4% of GDP in both years if the capital injections are excluded), ii) government is happy to see a wider central government deficit at E1.
Indian union budget of 2012 came out with the most significant macroeconomic challenge with a fiscal deficit of 5.