What does deficit mean in English?

You can learn deficit Pronunciation, Grammar & Synonyms in this most authoritative English Dictionary.

deficit Meaning, Definition, Pronunciation, Grammar & Synonyms❤️

deficit Meaning & Definition

En [ ˈdef.ɪ.sɪt]
Us [ ˈdef.ə.sɪt]

Meaning of deficit In English

0 the total amount by which money spent is more than money received:
- The country is running a balance-of-payments/budget/trade deficit of $250 million.
- The UK's deficit in manufactured goods fell slightly in the last three months.
1 the amount by which money spent is more than money received:
- The theater has been operating at a deficit of over $150,000 a year.
2 the total amount by which money spent by a business or government is more than the money it receives:
- a deficit of £10 million/$1 billion, etc. The two companies between them have reported a deficit of nearly $14bn.
- have/run/show a deficit About a third of the nation's non-profit arts presenters run a large deficit each year, according to Charity Navigator.
- reduce/cut a deficit
- federal/government/public deficit
- The US balance of payments deficit was running at over 4% of gross domestic product.
3 the amount by which something, especially an amount of money, is smaller than it should be:
- a pension/pension fund deficit
- a deficit in sth The company reported that an estimated $31.5 million deficit in this year's operating budget would end up at about $20 million as a result of savings.
- There is a deficit of trust between the customer and the banks, which yesterday's headline figure will do little to dispel.
4 used to describe a situation when a business or country has spent more money than it has received, or an amount of money is smaller than it should be:
- At the time, the Federal Budget was expected to remain in deficit until at least Fiscal 2011.
- At their last valuation, almost all council pension funds were in deficit.

More Definitions of deficit

Examples of deficit

There are many priorities, but reducing the budget deficit is paramount/is of paramount importance.
By late in the first half United were staring at a seven-goal deficit and almost certain defeat.
The UK trade deficit widened/narrowed last month.
The government claimed they were doing a good job of reducing the country's trade deficit and balancing the budget.
The deficit has been rising in recent years because of a drop in earnings from oil, the country's main export.
The cooling paradigm also permitted rapid reversal and repeated demonstration of deficits in the same testing session.
In practice the pace of expenditure and deficit reduction was in advance of that planned and as a consequence tax relaxation was possible.
If the results indicate neither memory nor symbolic play deficits, then further consideration of the executive dysfunction hypothesis is warranted.