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

• Balance of payments deficit, when the balance of payments is negative
• Equity (finance) with a negative balance