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 ?
During Tuesday's meeting of ECOFIN, the Council of the EU Finance Ministers, a decision was made to press Bulgaria, Denmark, Cyprus, and Finland to cut their budget deficit gaps.
First among these measures--and the one meaningful action the Administration and Congress can undertake in short order--is to forge a serious and workable plan to reduce the federal budget deficit over the next five years, and the trajectory of future deficits going further forward.
The trend suggests that the overall deficit could be around $15bn by the end of 2017-18 if the current trajectory persists.
These figures are startling and negate the federal government's claim that it has reversed the trend of the last fiscal year when the budget deficit peaked to a historic high of Rs1.
Major deficit has been occurred from the goods and services sector.
Decline in services deficit has also led to plunge in current account deficit.
The balance of payments posted deficits in January 2007, 2008, 2010 and 2011.
The Commission concluded that on the basis of currently available information Cyprus, Finland, Bulgaria and Denmark have taken action representing adequate progress toward the correction of the excessive deficit," it said in a statement.
Since joining the EU in 2004, the government of Hungary has been battered by soaring expenditure, made worse by moves to stimulate economic growth in 2006, which pushed the deficit over 9% of GDP.
the budget deficit will increase aggregate demand and the domestic real interest rate.
But the savings glut is an independent driver of low global rates, and because the United States tends to have a very interest-elastic response to low interest rates due to the housing sector, it's not surprising that our current account deficit has grown over this time.
And if he does manage to make the tax cuts permanent, it will add more than $3 trillion to the deficit over the next ten years.