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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 ?
According to report the previous financial year 2018-19 has recorded trade deficit 15.33 percent.
The BSP now expects the Philippines to book a BOP surplus of $3.7 billion this year, reversing the $2.3 billion deficit recorded in 2018.
'The current account deficit has dropped but it still remains elevated,' Arif Habib Limited Head of Research Samiullah Tariq said while talking to The Express Tribune.
On the other hand, financing current account deficit by speculative short-term and external debt-increasing hot money inflow may pose a big danger for economy.
Pakistan's central bank raised its key interest rate by 150 basis points to 12.25 percent on Monday, citing continuing inflationary pressures, a high fiscal deficit, and recent exchange rate depreciation.
Once the data has been adjusted and the Eurostat validation process has been completed, the 2018 deficit figure for the Kingdom of Spain stands at 29,982 million, representing 2.48% of GDP.
However, despite shrinking current account deficit, the size of trade deficit remained as large as $23.84bn.
The deficit for the first five months of the federal fiscal year (October 2018 to February 2019) comes to $544.2 billion, up nearly 40 percent from the same period in 2017, according to Treasury.
The overall BOP deficit for the month of October only was lower at $458 million compared to September's $2.70 billion deficit.
The continued deficit for October brought the 10-month BoP position of the country to a deficit of $4.494 billion.
This stems from the autumn notification of the deficit and debt from Eurostat, which thus reduced the originally reported government deficit of Slovakia from the spring notification by 0.26 percentage point.
Diokno told reporters the government even expected the actual fiscal deficit to go below 3 percent.