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Home > QFINANCE Dictionary > Definition of deficit

Definition of

deficit

Accounting

amount expenditure exceeds income the extent by which a person's, business's, or organization's expenditure exceeds their revenue.

Related definitions of "deficit"

deficit - Related Articles

  • The Impact of Demographics on Business and the World Economy

    Best Practice

    in the near future. This pattern is not true for all countries, but it is true for a large number. Notably, one key development over the medium term is likely to be a shift in the United States from a persistent current account deficit to a sustained, though not necessarily long-lasting, current account
    By Gabriel Stein

  • Pakistan

    QFINANCE Country Profiles

    Until the economic crisis broke out in 2008, Pakistan had enjoyed a relatively robust economic performance. However, economic policymakers in Pakistan spent much of 2008 and 2009 grappling with the latest crisis to hit the country. Surging oil prices in the first eight months of 2008 caused the current account deficit to increase alarmingly, triggering a plunge in the value of the rupee, as well as concerns that the country could default on its foreign debt.

  • Greece

    QFINANCE Country Profiles

    dramatic increase in consumer spending, which gave a significant boost to economic growth. The government also relaxed fiscal policy, starting in 2002 which, combined with expenditures associated with the preparations for the Athens 2004 Olympics, led to mounting fiscal deficits and rising public debt.

  • Ahead of the Curve, July 2010: The UK’s Fiscal Gamble

    White Papers

    With disparate fiscal positions globally, and few debt markets other than Japan’s able to enjoy almost guaranteed domestic sponsorship, a three-way split will emerge on deficit control. While the US, Japan, and possibly China try to loosen further, it’s Europe that’s pedaling hardest to get
    By Neil Williams

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Definitions of ’deficit’ and meaning of ’deficit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’deficit’ and other financial terms with our online QFINANCE Financial Dictionary.

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