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 ?
The government has earlier set a target of bringing down fiscal deficit to 3.
However, given the pace of recent increase in the fiscal deficit (and resulting rise in public debt), the government is unlikely to achieve this target.
This paper is organized in five sections: The first section is the introduction, while second section summarizes the theoretical debate on the relationship between fiscal deficit, investment and growth.
Although the government in the Budget had proposed to bring down fiscal deficit in 2012-13 to 5.
Stefanou said that the Government's commitment is to bring the fiscal deficit below 3%.
But, while inflation is very likely to remain low for the next few years, I am puzzled that bond prices show that investors apparently expect inflation to remain low for ten years and beyond, and that they also do not require higher interest rates as compensation for the risk that the fiscal deficit will cause real interest rates to rise in the future.
It said that the impact of the high fiscal deficit was compounded by shortfall in external receipts and the latter contributed to lower liquidity in the banking system and problems in financing the current account deficit.
Move in direction of understanding the degree to which various determinants influence fiscal deficit.
Moreover, he reiterated the government's firm position to reduce the fiscal deficit to 2.
BEIRUT: A surge in government revenues reduced Lebanon's fiscal deficit by LL291 billion during the first two months of 2012 compared to the same period last year, the Finance Ministry reported Wednesday.
Bush, the fiscal deficit has exploded while household saving remains weak.
rating agency Standard & Poor's (S&P's) has downgraded its outlook on Jamaica to negative, citing the ballooning fiscal deficit.