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Oct 22, 2021 · WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020.
May 16, 2024 · The U.S. budget deficit is how much more the federal government spends annually than it receives in revenue during that same period. According to the Congressional Budget Office (CBO), the budget deficit will rise from $1.6 trillion, or 5.6% of GDP, in fiscal year 2024 to $2.6 trillion, or 6.1% of GDP, in 2034.
the total amount by which money spent is more than money received, or the state of having spent more money than has been received: The presidential candidate claims that he can cut the deficit in half within five years. budget deficit With a budget deficit of nearly £26 billion, the state plans to slash spending on schools and police.
Apr 2, 2024 · The term deficit refers to a situation where costs exceed income, or liabilities exceed assets. Debt can be not just the accumulation of amounts borrowed but also, years of...
Oct 20, 2023 · U.S. Deficit, Pegged at $1.7 Trillion, Effectively Doubled in 2023 - The New York Times. Advertisement. U.S. Deficit, Pegged at $1.7 Trillion, Effectively Doubled in 2023. The...
Dec 8, 2023 · 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 which a country...
the amount by which a sum of money falls short of the required amount. 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. a loss, as in the operation of a business. deficit.
