What is the national deficit? A deficit occurs when the federal government’s spending exceeds its revenues. The federal government has spent $ 1.17 trillion more than it has collected in fiscal year …

The meaning of DEFICIT is deficiency in amount or quality. How to use deficit in a sentence.

Apr 23, 2026 · What Is a Deficit? In financial terms, a deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets.

A deficit occurs when a country’s imports are more than exports, an organization’s liabilities exceed assets, or its expenses exceed revenue. Sometimes businesses and governments run deficits …

Dec 8, 2023 · What Is a Deficit? A deficit is a financial imbalance that happens when debt, expenses or liabilities are greater than revenue, income or assets. The term can also refer to a trade imbalance in...

Dec 5, 2025 · The Center on Budget and Policy Priorities explains: “For any given year, the federal budget deficit is the amount of money the federal government spends (also known as outlays) minus …

Dec 16, 2025 · Deficits (or surpluses), debt, and interest are three central budget concepts. For any given year, the federal budget deficit is the amount of money the federal government spends minus …

DEFICIT definition: 1. the total amount by which money spent is more than money received, or the state of having spent…. Learn more.

Feb 8, 2024 · A deficit is when expenditures surpass revenues. When it comes to a national government, this is more specifically referred to as a fiscal deficit. A fiscal deficit occurs when there is …

n. 1. a. Inadequacy or insufficiency: a deficit in grain production. b. A deficiency or impairment in mental or physical functioning. 2. a. The amount by which a sum of money falls short of the required or …