Deficit

usgb/ˈdefɪsɪt/
noun

The amount by which something, like money, is too small.

The country is facing a budget deficit of $3 billion.
Visual representation of "deficit" - The amount by which something, like money, is too small.

Often appears as...

  • budget deficit
  • trade deficit
Definition 1 of 4
Visual representation of "deficit"
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Economic Context

'Deficit' often relates to government budgets and economics.

Illustration for Economic Context
The government introduced measures to reduce the fiscal deficit.
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Negative Impact

'Deficit' implies a problematic shortfall in finances or resources.

Illustration for Negative Impact
The trade deficit has had a negative impact on the economy.
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Formality Level

'Deficit' is a formal word, often used in official or financial reports.

Illustration for Formality Level
The annual report shows a significant budget deficit.
Visual representation of the word "Deficit"

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