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Deficit |
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Deficit1. 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.DeficitAn excess of liabilities over assets, of losses over profits, or of expenditure over income.Deficit Similar MatchesDeficit spendingDeficit spendingWhen government spending overwhelms government revenue resulting in government borrowing. Budget deficitBudget deficitThe gap between government spending and revenue and thus the amount that needs to be borrowed. Definition varies between countries. Budget deficitBudget deficitThe 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 deficitCash deficitIn relation to a loan, this is money still owed at the end of the repayment period of an interest only mortgage. Further SuggestionsBalance of payments deficitCurrent account deficit Budget deficit Deficit financing Foreign trade deficit Trade deficit Capital account deficit Fiscal deficit |
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