What does the word deficit mean?
the amount by which expenditures or liabilities exceed income or assets. a lack or shortage; deficiency . a disadvantage, impairment, or handicap: The team’s major deficit is its poor pitching.
How do you use the word deficit?
Examples of deficit in a Sentence The government is facing a deficit of $3 billion. We will reduce the federal budget deficit . The team overcame a four-point deficit to win the game. She has a slight hearing deficit in her left ear.
What is deficit in one sentence?
A deficit is the amount by which something is less than what is required or expected, especially the amount by which the total money received is less than the total money spent. They’re ready to cut the federal budget deficit for the next fiscal year. a deficit of 3.275 billion francs.
What is the best meaning of deficit?
In financial terms, a deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets. A deficit is synonymous with a shortfall or loss and is the opposite of a surplus.
Is deficit negative or positive?
Deficit means in general that the sum or balance of positive and negative amounts is negative , or that the total of negatives is larger than the total of positives .
What is running a deficit?
If you’re running a deficit , you are losing. You might be losing money or losing a game. Either way, you better make up for it. When the government runs on a deficit , often the loss can be offset by a raise in taxes.
What is the difference between debt and deficit?
The debt is the total amount of money the U.S. government owes. It represents the accumulation of past deficits , minus surpluses. Deficits are no longer caused by periodic spikes in wartime spending, but rather by a long-term, structural mismatch between spending and revenues.
What is the opposite of deficit?
advantage, adequacy, plenty, success, sufficiency, satisfaction, enough, excess, abundance, superfluousness, perfection.
What is another word for deficit?
In this page you can discover 25 synonyms , antonyms, idiomatic expressions, and related words for deficit , like: debt, deficiency, lack, default, defect, shortcoming, shortage, paucity, shortfall, arrears and disadvantage.
What is the current US debt?
What does surplus mean?
A surplus describes the amount of an asset or resource that exceeds the portion that’s actively utilized. A surplus can refer to a host of different items, including income, profits, capital, and goods. In the context of inventories, a surplus describes products that remain sitting on store shelves, unpurchased.
What does deficit mean in psychology?
cognitive, behavioral, or emotional performance of any individual at a level that is significantly below, or less adept than, the norm.
Which country has the highest deficit?
What causes a deficit?
A government budget deficit occurs when government spending outpaces revenue. Deficits are also caused from a decline in revenue due to an economic contraction such as a recession or depression. Unplanned events, such as natural disasters and war, can also cause deficits .
How does the budget deficit affect the economy?
Key Takeaways. A government experiences a fiscal deficit when it spends more money than it takes in from taxes and other revenues excluding debt over some time period. An increase in the fiscal deficit , in theory, can boost a sluggish economy by giving more money to people who can then buy and invest more.