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deficit
(redirected from Budget deficits)

    Also found in: Medical, Legal, Wikipedia 0.27 sec.
Deficit
An excess of liabilities over assets, of losses over profits, or of expenditure over income.
deficit
1. A negative retained earnings balance. A deficit results when the accumulated losses and dividend payments of a business exceed its earnings.
2. See operating loss.


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California has yet to shake the perennial budget deficits that have dogged Schwarzenegger throughout his time in office.
HOW WILL ARNOLD FUND PROMISES? EXPANDING HEALTH COVERAGE, REFORMING ... by Daily News (Los Angeles, CA)
economic revival during the Clinton Administration, which also saw the yearly federal budget deficits give way to annual budget surpluses.
Impotent power? Re-examining the nature of America's hegemonic power by Layne, Christopher / The National Interest
In past years as the state has faced record budget deficits such proposals were dead on arrival.
Sales tax exemption by Fine, Howard / Los Angeles Business Journal
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