|
|
Deficit |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesBudget deficitBudget deficitThe amount by which government spending exceeds government revenues. Deficit financingDeficit financing1. The method used by a government to finance its budget deficit, that is, to cover the difference between its tax receipts and its expenditures. The main choices are to issue bonds or to print money. 2. The assumption that a change in government spending or taxes will be financed by a change in the government budget deficit, rather than by an accomodating additional change in spending or taxes to keep the budget balanced. Example: a "deficit-financed increase in government purchases." Capital account deficitCapital account deficitDebits minus credits on capital account. See deficit. 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. Further SuggestionsCash deficitCurrent account deficit Deficit spending Foreign trade deficit Balance of payments deficit Fiscal deficit Trade deficit Federal deficit (surplus) |
|
|
|