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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 MatchesFederal deficit (surplus)Federal deficit (surplus)When federal government expenditures are exceeded by federal government revenue. Budget deficitBudget deficitThe amount by which government spending exceeds government revenues. Trade deficitTrade deficitImports minus exports of goods and services. See deficit. Current account deficitCurrent account deficitDebits minus credits on current account. See deficit. Fiscal deficitFiscal deficitA deficit in the government budget of a country. Further SuggestionsCapital account deficitDeficit financing Foreign trade deficit Budget deficit Cash deficit Deficit spending budget deficit Balance of payments deficit |
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