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

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

Dec 10, 2025 · Each year’s deficit adds to the already enormous national debt, with interest costs driving further spending growth. The annual deficit is the product of numerous cash flows into …

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.

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

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 …

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

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 …