• (RP) IPA: /ˈdɛfɪsɪt/
  • (GA) IPA: /ˈdɛfəsɪt/

deficit (plural deficits)

  1. Deficiency in amount or quality; a falling short; lack.
  2. A situation wherein, or amount whereby, spending exceeds government revenue.
    • 2013 September 28, Kenan Malik, "London Is Special, but Not That Special ↗," New York Times (retrieved 28 September 2013):
      Economically, too, London is startlingly different. The capital, unlike the country as a whole, has no budget deficit: London’s public spending matches the taxes paid in the city. The average Londoner contributes 70 percent more to Britain’s national income than people in the rest of the country.
Synonyms Related terms Translations
  • French: déficit budgétaire, déficit (note: déficit in French also has a broader meaning)
  • German: Defizit
  • Portuguese: déficit
  • Russian: дефици́т
  • Spanish: déficit

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