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Related to deficit: Current account 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.


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 ?
The EU Finance Ministers have decided to set Bulgaria under the excessive deficit procedure, a program to reduce its budget deficit below the 3% threshold required by the Stability and Growth Pact.
Especially if oil prices, now past $70 a barrel, continue to rise, the trade deficit will become even more insensitive to changes in the dollar's value.
In the month of January, the current account deficit increased to $1.
The overall budget deficit - gap between expenditures and incomes - has widened to 2.
Month-on-month basis, during November 2016, current account posted a vigorous deficit of $839 million compared to $381 million in October 2016.
Citing to economic experts, media reports said current account deficit during the current financial year can dip as compared to last fiscal year.
The January 2012 deficit was caused by a shortfall of $187 million in the net foreign assets of banks and financial institutions and a deficit of $103 million in those of the Central Bank.
The European Union's executive said on January 27 that four countries, including Bulgaria, have been stricken off its deficit watch list as they have taken adequate steps to correct it.
Lithuania was brought under the excessive deficit procedure last June and given until 2011 to correct a 2008 deficit measuring 3.
The Keynesian income-expenditure approach explains the mechanism behind this twin deficit relationship.
Bush's main talking point on the budget is that he "cut the federal budget deficit in half"--that would be from 2004, the year the White House inflated the projected deficit for 2006.