deficit


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Related to deficit: Current account deficit

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 ?
When the dollar depreciates, it actually narrows our net liability position instead of increasing it and this tends to stabilize the net international liability position even in the face of large current account deficits.
The VAR analysis shows that twin deficit hypothesis does exist in the short run for Pakistan.
The European Commission launched in July last year an excessive budget deficit procedure against Bulgaria and 24 other EU member-states to ensure that the countries reduce swiftly their state spending, and keep their budget deficit below 3% of the GDP, as stipulated by EU's Stability and Growth Pact.
Another rationale for the deficit fetish the familiar "confidence" game of Herbert Hoover, which has been subsequently updated by such people as Reagan-era Budget Director David Stockman and current Fed Chairman Alan Greenspan.
Two-thirds of the deficit patients received initial clinical ratings of substantial thought disorganization or bizarre behavior, compared with one-third of their nondeficit counterparts, Fenton and McGlashan contend.
The allocation of loss (risk) was based on the partner's limited deficit restoration obligation, i.
The main cause of the deficit decline--90% of it, says White House budget director Rob Portman--is a tidal wave of tax revenue.
They became undesignated funds and that was what was used to cover the deficit.
If numerical skill deficits are hypothesized to be the primary deficit, the following strategies may prove helpful.
Many economists refer to this connection as the "twin deficit problem": A wider government budget deficit leads to a wider current account deficit (all else constant).
Reality Check: The budget deficit of $422 billion projected for fiscal 2004 is the largest in history and a 12.
Bush's budget proposal, just as the CBO was increasing its projection for the federal deficit this year by 24% to $246 billion.