| deficit |
The amount by which the government's outlays exceed its budget receipts for a given fiscal year. Both the President's budget and the annual congressional budget resolution provide estimates of the deficit or surplus for the upcoming and several future fiscal years.
Ãâó: www.house.gov/rules/glossary_fbp.htm
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| deficit |
A deficit, for purposes of the cash-basis financial plan, is an excess of disbursements over receipts at the end of a fiscal year. On a GAAP basis, a deficit is an excess of expenditures or expenses over revenues at the end of a fiscal year.
Ãâó: www.budget.state.ny.us/citizen/financial/misc.html
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| deficit |
the amount by which a government, a business or an individual spends more than it receives.
Ãâó: www.fxclub.com/glossary/
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| deficiency |
A general term indicating the amount by which anything falls short of some requirement or expectation. The term should not be used without qualification.
Ãâó: www.senate.michigan.gov/sfa/StateBudget/glossary.h...
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| deficit |
The difference produced when a government's spending exceeds its revenues in a fiscal year.
Ãâó: www.naeyc.org/ece/critical/financing_glossary.asp
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