The amount by which a government, company, or individual's spending exceeds its income over a particular period of time. also called deficit or deficit spending. also called budget deficit. opposite of budget surplus.

Use deficit in a sentence

We had a very large deficit to overcome and I hoped there was enough time in the game to do so.

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Many people that are drowning in debt discover that they have a spending deficit once they sit down and write out a monthly budget.

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Many economists believe that deficit spending in a recession will make the recovery come faster, but others hold on to the theory of expansionary austerity.

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forward premium (or discount) international liquidity