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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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and paid only $16 billion in taxes, creating a net fiscal deficit of almost $10. In his recent budget, Finance Minister Duncan told Ontarians that when the Liberals took office they "found a health-care deficit, an education and skills deficit, a fiscal deficit and an infrastructure deficit. The primary result has been the fiscal deficit shrinking by more than half, and we expect a fiscal balance for 2007. |
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