HomeDefinitionsCompareDebt DeficitThe financial definition for Deficit:An excess of liabilities over assets, of losses over profits, or of expenditure over income. Similar MatchesBudget deficitBudget deficitThe amount by which government spending exceeds government revenues. Deficit spendingDeficit spendingWhen government spending overwhelms government revenue resulting in government borrowing. Federal deficit (surplus)Federal deficit (surplus)When federal government expenditures are exceeded by federal government revenue. Click to compare definitions of Deficit Click to view definitions beginning de |