deficit.

Definition of deficit. in English English dictionary: def; A situation wherein, or amount whereby, spending exceeds government revenue; Deficiency in amount or quality; a falling short; lack; {i} lack; shortage; A deficit is the amount by which something is less than what is required or expected, especially the amount by which the total money received is less than the total money spent. They're ready to cut the federal budget deficit for the next fiscal year. If an account or organization is in deficit, more money has been spent than has been received. The current account of the balance of payments is in deficit. the difference between the amount of something that you have and the higher amount that you need shortfall (déficit, from deficit , from deficere; DEFECT); A national budget deficit occurs when a country's public spending exceeds government revenues A current account deficit exists when exports and financial inflows from private and official transfers are worth less than the value of imports and transfer outflows A trade deficit occurs when imports of goods and services exceed exports; A financial situation for an individual, company or government where expenses exceed income; The amount by which budget expenditures exceed government revenues, or income, in a given fiscal year; An excess of liabilities over assets, of losses over profits, or of expenditure over income; The excess of the liabilities and reserves of a fund over its assets; the property of being an amount by which something is less than expected or required an excess of liabilities over assets (usually over a certain period); The amount by which outlays exceed revenues in a given period, typically a fiscal year A negative deficit is equivalent to a surplus See surplus [Back to top]; Deficiency in amount or quality; a falling short; lack; as, a deficit in taxes, revenue, etc; The amount each year by which government spending is greater than government income; Expenditures exceed funds available; The shortfall between a government's revenues from taxation and its expenditures, in any one year It must then borrow money to meet its expenditures; an excess of expenses over income during a prescribed period and at a fixed moment in time; Any excess of debits over credits at the end of a given accounting period (G,R); Expenses exceed revenues; A fiscal condition which may occur at the end of a fiscal year, whereby expenditures for a fiscal year exceed the actual cash intake of revenues during the same period plus to prior year surplus The deficit must be paid for out of the next year's revenues; For a state, the fact of spending more than its revenues; The amount by which expenditures exceed receipts in a given fiscal period; shortfall/deficiency of revenues over expenditures of the government; (1) The excess of liabilities and reserved equity of a fund over its assets (2) The excess of expenditures over revenues during an accounting period; or, in the case of Enterprise and Internal Service Funds, the excess of expense over income during an accounting period; The amount by which outlays exceed receipts in a given fiscal period (A surplus would be the amount by which receipts exceed outlays ); (1) Excess of liabilities over assets (2) The excess of expenditures or expenses over revenues during an accounting period; A negative balance of trade (or payments); expenditures are greater than income/revenue; The amount by which expenditures exceed revenues; an excess of liabilities over assets (usually over a certain period); – shortfall/deficiency of revenues over expenditures of the government; the property of being an amount by which something is less than expected or required; The amount by which the government's spending exceeds its revenues in a single fiscal year; The amount each year by which government spending is greater than government income [FRBSF] (see also fiscal policy); Expenditures exceed funds available; also "cost overrun"