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Deficit |
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Deficit
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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3 billion budgetary deficit "black hole" for 1995-96, but also a growing government debt. Termination of CAP played a major role in ending Canada's chronic budgetary deficit. Peterson's strategy to restore economic health to the country is to reduce the federal budgetary deficit by the beginning of the twenty-first century, while at the same time increasing the level of government investment in infrastructure. |
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