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The meaning of DEFICIT is deficiency in amount or quality. How to use deficit in a sentence.
Sep 9, 2023 · A deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets. Federal budget deficits add to the national debt.
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 amount by which a team or player is behind in a game or competition: They overcame a two-goal deficit to draw even in the second half. It was the first time in baseball history a team had overcome a three-games-to-none deficit in the World Series. Synonym.
the amount by which a team or player is behind in a game or competition: They overcame a two-goal deficit to tie the score in the second half. It was the first time in baseball history a team had overcome a three-games-to-none deficit in the World Series. Synonym.
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.
4 days ago · What is the national deficit? A deficit occurs when the federal government’s spending exceeds its revenues. The federal government has spent $ more than it has collected in fiscal year (FY), resulting in a national deficit.
