A deficit occurs when the federal government’s spending exceeds its revenues. The federal government has spent $ 458 billion more than it has collected in fiscal year (FY) 2026, …

The meaning of DEFICIT is deficiency in amount or quality. How to use deficit in a sentence.

Sep 27, 2025 · A deficit is a financial situation where expenses exceed revenues, imports exceed exports, or liabilities exceed assets, often leading to increased debt for governments, …

DEFICIT definition: 1. the total amount by which money spent is more than money received, or the state of having spent…. Learn more.

See the latest numbers on the national deficit for this fiscal year and how it compares to previous years.

Dec 16, 2025 · The deficit drives the amount of money the government must borrow in any single year, while the debt is the cumulative amount of money the government has borrowed …

DEFICIT meaning: 1 : an amount (such as an amount of money) that is less than the amount that is needed; 2 : the amount by which a person or team is behind in a game or contest

Oct 20, 2025 · A budget deficit occurs when a government’s annual spending (also called “outlays”) exceeds its annual revenue (“receipts”). In other words, the government spends …

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

Jul 29, 2025 · A negative balance (i.e., government deficit) makes the government a net borrower, requiring additional funds to finance its activities. It is often expressed as a percentage of …