noun
definition
Deficiency in amount or quality; a falling short; lack.
definition
A situation wherein, or amount whereby, spending exceeds government revenue.
Examples of deficit in a Sentence
The formidable deficit is met principally in three ways.
This created a deficit, which they repaired by doubling the duty on inhabited houses.
To grapple with this deficit, James Wilson was sent out from the treasury as financial member of council.
So far as the imperial expenses were not covered by these sources of revenue, until imperial taxes were introduced, the deficit had to be covered by matricular contributions paid by the individual states in proportion to their population.
The accounts for the year ending 30th of June 1907 showed a deficit of £640,455.
As finance minister in the Rattazzi cabinet of that year he had been confronted with a public debt of nearly 120,000,000, and with an immediate deficit of nearly 18,000,000.
The expenditure was arrived at in the manner previously described - and when the general budget came to be made up the severest pruning was found necessary, the original demands of the various ministries and departments having resulted in a deficit of upwards of £T 9, 000,000.
Almost immediately after the budget was drawn up a change of government took place, and largely owing to this fact the parliamentary budget commission introduced various modifications on the expenditure side of the account, which increased the estimated deficit to the account just mentioned.'
Militarism may account for much of the tremendous deficit under Urban VIII.; but the real cancer was nepotism.
Ferrara, successor of Scialoja, met a like fate; but Count Cambray-Digny, finance minister in the Menabrea cabinet of 1868-1869, driven to find means to cover a deficit aggravated by the interest on the Venetian debt, succeeded, with Sellas help, in forcing a Grist Tax Bill through parliament, though in a form of which Sella could not entirely approve.
The stoppage of payments from Bourbon countries during the Jesuit struggle brought the annual deficit to nearly 50o,000 scudi.
Until 1871 the surplus derived from the colonial budget had been turned into a deficit, and the necessity of imposing fresh taxes to meet the war expenses has led to the downfall both of individual ministries and of cabinets.
Baron Sidney Sonnino, minister of finance in the Crispi cabinet, found a prospective deficit of 7,080,000, and in spite of economies was obliged to face an actual deficit of more than 6,ooo,000.
He at once applied himself to moral and administrative reform; declared against nepotism, introduced economy, abolished sinecures, wiped out the deficit (at the same time reducing rents), closed the gaming-houses, and issued a number of sumptuary ordinances.
If it exceeds this, the stock of fresh water held in the interstices of the rock, and capable of flowing towards the well, must disappear; and the deficit between the supply and demand can only be made up by water filtering from the sea and reaching the well at first quite free from salt, but sooner river water whatever.
To cover yourself for any deficit in the event of a total loss you can purchase Guaranteed Asset Protection, also known as GAP.
Other financial problems also plagued the nation at this time, including a budget deficit and an economic downturn.
One can speculate that television has given Americans chronic attention deficit disorder, and that we now have enough patience for a more "just the facts" type of news.
The gradual abolition of the grist tax on minor cereals diminished the surplus in 1882 to 236,000, and in 1883 to r1o,ooo, while the total repeal of the grist tax on wheat, which took effect on the 1st of January 1884, coincided with the opening of a new and disastrous period of deficit.
If he had been lenient for their sakes or in the hope of damaging Antipater, he was disappointed; for Cassius sold four cities into slavery and Hyrcanus made up the deficit.
Exaggerated importance must not be attributed to the swollen deficit.
He immediately addressed himself to the task of improving the financial position of the country, carried out the conversion of the State loans, and succeeded, for the first time in the history of the Hungarian budget, in avoiding a deficit.
Moreover, in order to meet to some extent the deficit arising as well from the accumulation of arrears of state departments since 1300 (1884) as, to a large degree, from gross deficiencies due to the neglect of the civil officials of the government to encash the revenues - to meet, further, the needs of the central administration, and above all, the urgent military expenses of the empire, and to provide a guarantee for bankers and merchants in business relations with the government and the treasury, part of the revenues of 1304 were perforce spent in 1303.
These are the expected results of sleep deprivation or insomnia, but grabbing one full night of sleep does not repair a sleep deficit.
Any time you create an oxygen deficit by performing exercise at a maximal or near-maximal level, you tax your lungs and challenge them to keep up with your body's oxygen requirements.
Exercise burns extra calories, which can help to create the caloric deficit your body needs to lose weight.
Regularly creating a calorie deficit will contribute to fat loss, helping give you that flat-belly look.
He was naturally frugal and prudent, and carried these qualities into the administration, with the result that in 1738-1739 there was a surplus of 15,000,000 livres instead of the usual deficit.
As the Commons offered grudging supplies, the necessity under which he was of filling up the annual deficit led him to an action by which a grave constitutional question was raised.
The deficit amounted to 1,400,000 in 1837, to 400,000 1n.
It was estimated that the deficit, which had amounted to 1,842,000 in 1840, would reach 2,334,000 in 1841.
In the budget of 1842 Sir Robert Peel terminated the deficit by reviving the income tax.
This added burden combined with bad harvests, a fall in the revenue and a deficit in the budget to heighten popular discontent.
But the estimates for 1904 revealed another heavy deficit; and this was only paid by Hungary on condition that the agreement should be renewed until the 3 ist of December 1913, and the contribution of 56% maintained.
Economic reformers found a moral justification for their dissatisfaction in philosophical theories; the chance conjunction of a philosopho-political idea with a national deficit led to the preponderance of the third estate at the elections, and to the predominance of the democratic spirit in the states-general.
In 1788 the country, which had at the bidding of the literary guests of Madame Necker come to believe that Necker was the only minister who could "stop the deficit," as they said, demanded Necker's recall, and in September 1788 he became once more director-general of the finances.
They discovered an abrupt onset of a localized neurological deficit.
These two greatly alleviates the selling pressure on the USD since much of the trade deficit goes into " dollar strong hands " .
Socially excluded neighborhoods also feel the brunt of the childcare deficit.
The second was a real cliffhanger with Lewis taking the game 16-14, from a 10-8 deficit.
Reading bettered this comeback on Sunday, overturning a 2-0 half time deficit, to overcome Germany's Club an der Alster 4-3.
Spain has an accumulated deficit of 10% of their total health budget.
This pledge of the Bush junta to ' halve the deficit ' worries me.
Today, he turned back Stewart once again in the Open, this time by overcoming a five-stroke deficit.
There will be nothing about the democratic deficit, or about the many problems being created by the euro.
With Partizan committed to chasing a two-goal deficit, holes not surprisingly appeared at the back whenever their infrequent attacks broke down.
Surgery need not be associated with increased neurological or neuropsychological deficit.
My poor progress in mathematics was largely a result of my attention deficit.
Royal Mail has a pension fund deficit of approximately £ 4.25 billion.
You must be in a calorie deficit to burn fat.