deficit

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Related to Deficits: Budget deficits, Trade deficits

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 overall budget deficit - gap between expenditures and incomes - has widened to 2.
The trade deficit has touched almost 50 per cent, of the total import bill.
The January 2012 deficit was caused by a shortfall of $187 million in the net foreign assets of banks and financial institutions and a deficit of $103 million in those of the Central Bank.
European Union Finance Ministers met in Brussels on February 14 and 15, 2011, confirming the recent position of the EC that Bulgaria needs take no further steps to curb its budget deficit under the bloc's rules on government finances.
The Commission puts together reports on countries that exceed the Stability and Growth pact limits of 3% of GDP for deficits, 60% of GDP for debt (Article 126 of the treaty)
However, the unconstrained VAR estimate shows that the Ricardian equivalence hypothesis did not hold and the authors concluded that deficits are twin in case of US economy.
Earlier in the day the administration had released budget numbers showing that the deficit was $248 billion for the fiscal year ending September 30, which was well below the $423 billion deficit the administration had forecast in the budget it submitted to Congress in February.
NORTH EDWARDS -- Muroc Joint Unified School District officials will eliminate one custodian position and cut the technology budget by about one-third to help deal with a deficit.
If numerical skill deficits are hypothesized to be the primary deficit, the following strategies may prove helpful.
budget deficits set off all sorts of economic reactions.