A national budget deficit occurs when a country's public spending exceeds government revenues A current account deficit exists when exports and financial inflows from private and official transfers are worth less than the value of imports and transfer outflows A trade deficit occurs when imports of goods and services exceed exports
A financial situation for an individual, company or government where expenses exceed income
The amount by which budget expenditures exceed government revenues, or income, in a given fiscal year
An excess of liabilities over assets, of losses over profits, or of expenditure over income
the property of being an amount by which something is less than expected or required an excess of liabilities over assets (usually over a certain period)
The amount by which outlays exceed revenues in a given period, typically a fiscal year A negative deficit is equivalent to a surplus See surplus [Back to top]
Deficiency in amount or quality; a falling short; lack; as, a deficit in taxes, revenue, etc
The amount each year by which government spending is greater than government income
A fiscal condition which may occur at the end of a fiscal year, whereby expenditures for a fiscal year exceed the actual cash intake of revenues during the same period plus to prior year surplus The deficit must be paid for out of the next year's revenues