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Deficit
(redirected from Cyclical deficit)

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.01 sec.
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.


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Prioritizing services can also be useful in cases of cyclical deficit, helping to focus the service portfolio and prevent a structural deficit before it occurs.
Using the framework of analysis above, students may be asked to show that the revenue effect increases the cyclical deficit, which now equals EI, by the amount EF and the expenditure effect increases the deficit by the vertical distance HI.
The temporary fiscal relief payments reviewed in this report were designed to provide assistance to help state and local governments address cyclical deficits prompted by the recent economic downturn.
 
 
 
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