Deficit


 

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Deficit

1. In the balance of payments, or in any category of international transactions within it, the deficit is the sum of debits minus the sum of credits, or the negative of the surplus. 2. In the government budget, the deficit is the excess of government expenditures over receipts from taxes.

Deficit

An excess of liabilities over assets, of losses over profits, or of expenditure over income.



Deficit

Similar Matches

Deficit spending

Deficit spending

When government spending overwhelms government revenue resulting in government borrowing.


Budget deficit

Budget deficit

The gap between government spending and revenue and thus the amount that needs to be borrowed. Definition varies between countries.


Budget deficit

Budget deficit

The negative of the budget surplus; thus the excess of expenditure over income.


Federal deficit (surplus)

Federal deficit (surplus)

When federal government expenditures are exceeded by federal government revenue.


Cash deficit

Cash deficit

In relation to a loan, this is money still owed at the end of the repayment period of an interest only mortgage.


Further Suggestions

Balance of payments deficit
Current account deficit
Budget deficit
Deficit financing
Foreign trade deficit
Trade deficit
Capital account deficit
Fiscal deficit


 
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