Deficit (economics)
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
See also
[edit]- Balance of payments deficit, when the balance of payments is negative
- Equity (finance) with a negative balance
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