deficit

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Deficit

An excess of liabilities over assets, of losses over profits, or of expenditure over income.

Deficit

A situation in which outflow of money exceeds inflow. That is, a deficit occurs when a government, company, or individual spends more than he/she/it receives in a given period of time, usually a year. One's deficit adds to one's debt, and, therefore, many analysts believe that deficits are unsustainable over the long-term. See also: Surplus.

deficit

1. A negative retained earnings balance. A deficit results when the accumulated losses and dividend payments of a business exceed its earnings.

deficit

see BUDGET DEFICIT, BALANCE OF PAYMENTS.
References in periodicals archive ?
With Tuesday's decision of ECOFIN, only Luxembourg, Sweden, and Estonia, that is, three out of a total of 27 EU member states are left out of the list countries that broke the 3% budget deficit requirement of the Stability and Growth Pact.
And this 'solution' of budget deficits to stimulate demand involves more debt.
A painful period of world economic adjustment appears inevitable without firm and immediate action on the budget deficit, and it will have serious implications for America's power in the world.
The CBO also confirmed its earlier estimate that the federal budget deficit for the fiscal year ending this September 30th (fiscal year 2003) will be $401 billion, smashing the previous record of $290 billion, set in 1992.
Finally, the expected sign on the capital flows variable is negative since net capital inflows absorb bond issues and, in theory, help to offset the effects of government budget deficits.
The growth in government budget deficits since the 1970s may also be related to the dramatic increase of entitlement expenditures.
The next president of the United States must effectively deal with the budget deficit.
According to Batra, Greenspan is responsible for the rise of regressive taxation here and abroad, budget deficits, trade deficits, rising income inequality, the loss of manufacturing jobs, shrinking paychecks, and the growth of debt worldwide.
The Fed chief said the budget deficit is a problem because it is projected to rise significantly as a wave of baby boomers starts to retire in 2008.
The above also means premature efforts to reduce budget deficits when the economy is in a balance sheet recession are extremely dangerous, as U.