deficit

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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 ?
The overall budget deficit - gap between expenditures and incomes - has widened to 2.
The centre last year had blamed the provinces for overspending billion of rupees, which contributed to the budget deficit to swell by end of June last year.
They said that a meeting of the stakeholders must be called immediately to get their valuable feedback on the issues of regulatory duty, economic growth and budget deficit etc.
The Saudi government is trying to compensate for its budget deficit by putting people under pressure and increasing the gasoline prices, the western media said.
From these figures, we expect to meet the budget deficit target determined for the year.
The national budget deficit is BGN 455 M, the EU funds one a BGN 196 M.
Only three eurozone member-states recorded a budget deficit below the 3.
Special Economic Coordination meeting that was held with the prime minister in the chair on Friday as a first step has directed the provinces to freeze their non-salary expenditures at the previous fiscal year's level so as to keep the budget deficit at a level projected in the consolidated budget 2010-11, official sources added.
The Office of Management and Budget, an arm of the White House, slightly cut its estimate of the budget deficit for fiscal 2010 through Sept.
The Finance Ministry said today that the budget deficit in January 2010 showed an increase in the primary surplus of LL315 billion compared to January 2009.
Macedonia is not going to face a high deficit, because last year too in the heat of the crisis the country noted the second lowest budget deficit in Europe, said Prime Minister Nikola Gruevski regarding the conclusion of the IMF that the economy was recovering yet a challenge to many countries would still be their high budget deficits.
The central government budget deficit next year is planned at 5.