Deficit (economics)
From Wikipedia, the free encyclopedia
In economics, deficit is the excess of an organization's expenditure over its revenue, such as in:
- Deficit spending, the amount by which spending exceeds revenue
- Government deficit spending: a negative government budget balance; fiscal deficit of that year= total borrowing by government
- Primary deficit, the pure deficit derived after deducting the interest payments
- Structural and cyclical deficit, parts of the public sector deficit
- Income deficit, the difference between family income and the poverty threshold
- Trade deficit, when the value of imports exceed the value of exports; a negative balance of trade
