deficits definition
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- › the amount by which something, especially an amount of money, is smaller than it should be: a pension/pension fund deficit. a deficit in sth The company reported that an estimated $31.5 million deficit in this year's operating budget would end up at about $20 million as a result of savings.
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What is a 'Budget Deficit'? DEFINITION of 'Budget Deficit'. A status of financial health in which expenditures exceed revenue. The term  budget deficit  is most commonly used to refer to government spending rather than business or individual spending. When referring to accrued federal government deficits, the term national debt” is used. The opposite of a budget deficit is a budget surplus, and when inflows equal outflows, the budget is said to be balanced.
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Government Budget Deficits and Government Debt Definitions and Basics. Government Debt and Deficits, from the Concise Encyclopedia of Economics Government debt is the stock of outstanding IOUs issued by the government at any time in the past and not yet repaid.
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- The concept of running a deficit is one of the most negative financial predicaments in the world of business; however, through revenue projections and preventative offsetting, companies can preemptively tighten their belts during hard times and at the very least attempt to break even.
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What is a 'Budget Deficit'? A budget deficit occurs when expenditures exceed revenue. The term is typically used to refer to government spending and national debt.
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Borrowing and the Federal Debt While a deficit describes the relationship between spending and revenues in a single year, the federal debt-also referred to as the national debt-is the sum of all past deficits, minus the amount the federal government has since repaid.
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Policy Basics: Deficits, Debt, and Interest Deficits (or Surpluses). For any given year, the federal budget deficit is the amount of money the federal government spends (also known as outlays) minus the amount of money it takes in (also known as revenues).
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federal budget deficit The financial shortage of the federal government's budget. It represents more money being spent than is coming in via taxes and other income. Use this term in a sentence. As the federal budget deficit grows, it becomes increasingly important that GDP growth keeps pace with it, so that an equilibrium can be reached.
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- Definition of Deficit and Debt. 1  Deficit relies to the annual borrowing requirement of the government. (often referred to as budget deficit) 2  Debt related to the total level of public sector debt built over previous years. (often referred to as national debt) 3  In 2010/11 UK public sector deficit is forecast to be around £149bn of or 12% of GDP.
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What is a 'Budget Deficit'? What is a 'Budget Deficit'? A budget deficit occurs when expenditures exceed revenue, and it is an indicator of financial health. The term is typically used to refer to government spending rather than business or individual spending. When referring to accrued government deficits, the deficits form the national debt. BREAKING DOWN 'Budget Deficit'
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DEFICIT Meaning: A deficiency or failure in neurological or mental functioning. Classified under: Nouns denoting stable states of affairs. Context examples: the people concerned have a deficit in verbal memory / they have serious linguistic deficits. Hypernyms (deficit is a kind of...):
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The Budget Deficit and How It Affects the Economy By Kimberly Amadeo. Definition: A budget deficit is when a country's government spends more than it takes in from taxes or other forms of revenue. Although individuals, companies and other organizations can run deficits, the term usually applies to governments.
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budget surplus The amount by which a government's, company's, or individual's income exceeds its spending over a particular period of time. Generally, a government does not need to maintain a budget surplus.
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- What is a 'Budget Deficit'. A budget deficit is an indicator of financial health in which expenditures exceed revenue. The term budget deficit is most commonly used to refer to government spending rather than business or individual spending, but can be applied to all of these entities.
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What is a 'Surplus' What is a 'Surplus'. A surplus is the amount of an asset or resource that exceeds the portion that is utilized. A surplus is used to describe many excess assets including income, profits, capital and goods. A surplus often occurs in a budget, when expenses are less than the income taken in or in inventory when fewer supplies are used than were retained. Economic surplus is related to supply and demand.
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- In a nutshell, the Budget Deficit is the shortfall between what the government spends during a single year compared with what it brings in during a single year. The National Debt, on the other hand, is the accumulation of all the Budget Deficits for every year since the United States has been in existence.
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Shared Flashcard Set Definition of trade deficit - the amount by which the cost of a country's imports exceeds the value of its exports. Definition of trade deficit - the amount by which the cost of a country's imports exceeds the value of its exports.
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Frequently Asked Questions about the Public Debt What is the difference between the debt and the deficit? The deficit is the fiscal year difference between what the United States Government (Government) takes in from taxes and other revenues, called receipts, and the amount of money the Government spends, called outlays. The items included in the deficit are considered either on-budget or off-budget.
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What is a 'Surplus' DEFINITION of 'Surplus'. Surplus is the amount of an asset or resource that exceeds the portion that is utilized. A surplus is used to describe many excess assets including income, profits, capital and goods. A surplus often occurs in a budget, when expenses are less than the income taken in or in inventory when fewer supplies are used than were retained.
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What is Deficit Spending? What is Deficit Spending? Deficit spending is borrowing money right now that you'll have to pay back in the future. It's not a short term loan like a 30 day line of credit a business might use to cover payroll. It's borrowing money for 90 or 180 days or one, five, or ten years. It's like taking out a mortgage to buy a house; if getting what you want or need right now is more important or valuable than the money you'll spend on interest, it can be a good deal. That's the definition of deficit spending.
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What are bills for government spending called? When a government spends more money in a year than it takes it, it  is called a deficit. When it spends less than it takes in, it is  called a surplus.
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- Synonyms for deficit in Free Thesaurus. Antonyms for deficit. 23 synonyms for deficit: shortfall, shortage, deficiency, loss, default, arrears, defect, deficiency, inadequacy, insufficiency, lack, paucity, poverty.... What are synonyms for deficit?
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deficit Examples of deficit in a sentence. 1  The government is facing a deficit of $3 billion. 2  We will reduce the federal budget deficit. 3  The team overcame a four-point deficit to win the game.  She has a slight hearing deficit in her left ear.
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surplus The definition of surplus is something that is in excess of what you need. An example of surplus goods are items you do not need and have no use for.
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- government surplus noun [C, usually singular]. › the ​amount of ​money by which a government's ​income is greater than the ​money it ​spends Compare government deficit. Compare. government deficit. (Definition of government surplus from the Cambridge Business English Dictionary © Cambridge University Press). Browse.
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- Definition of balance of payments deficit: nouna situation in which a country imports more than it exports Definition of balance of payments deficit: nouna situation in which a country imports more than it exports