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 ?
Federal government has taken several measures to discourage imports of unnecessary and luxury items due to which the trade deficit has dropped by 31.82billion dollars.
The deficit beat the target mainly due to the disappointing export of goods, which slipped to $24.21 billion against expectation for around $28 billion, after the central bank let the rupee depreciate 32% to Rs160.05 against the US dollar in FY19.
With $20 billion exports and $ 44.033 billion imports, Pakistan's goods deficit reached at $23.934 billion in July-April of FY2019 as compared to $ 25.813 billion trade deficit in same period of previous fiscal year.
SBP said trends in government borrowing showed a widening fiscal deficit during the first nine months of the fiscal year.
If the deficit by sector is analyzed, the Central Administration closed 2018 with a deficit of 16,376 million euros, which represents 1.36% of GDP, compared to 1.89% in 2017.
The huge current account deficit in the last fiscal year has proven to be a challenge for the economy, and the incumbent government, after taking power shifted its entire focus to fill up the gap.
The average monthly deficit under the Trump administration -- $117 billion -- is now higher than both the average monthly deficits in former president Barack Obama's second term and in his first term when the government had to contend with the tough job of recovering from the Great Recession of 2008.
The BSP said the higher deficit was partly because of higher merchandise trade deficit in the first quarter due to the sustained rise in imports of raw materials and intermediate goods as well as capital goods to support domestic economic expansion.
The BSP blamed the October deficit on outflows stemming mainly from payments made by the national government for its foreign exchange obligations, NG's net foreign currency withdrawals and foreign-exchange operations of the BSP.
In comparison with 2016, the deficit fell by 1.44 percentage points, according to current Eurostat figures.
Yet, the interagency Development Budget Development Committee (DBCC) would retain the budget deficit ceiling equivalent to 3 percent and 3.2 percent of gross domestic product (GDP) respectively in 2018 and 2019, Diokno said.
The official said a depreciating rupee and high crude import bill would definitely put pressure on the country's current account deficit (CAD), and a fiscal slippage at this juncture would lead to a twin deficit.