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Translate files Deficit
/ˈdɛfɪsɪt/
Meaning & Definition
noun
the amount by which something, typically a sum of money, is too small.
The country is facing a budget deficit that has raised concerns among economists.
a deficiency in the quantity or quality of something.
The school district reported a deficit in educational resources that needs to be addressed.
the amount by which an individual's or organization's expenses exceed their income.
After reviewing his finances, he realized he was running a deficit each month.
Etymology
From Latin 'deficere', meaning 'to fail, to be lacking'.
Common Phrases and Expressions
budget deficit
A situation where expenditures surpass revenues.
deficit spending
Government spending that exceeds revenue.
trade deficit
A situation where a country's imports exceed its exports.
Related Words
surplus
An amount that is more than what is needed.
balance
The state of having equal amounts on each side.
expenditure
The action of spending funds.