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 …

Learn about the national deficit, the difference between budget deficit and debt, and how the deficit has changed over time.

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

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, …

When the government has a deficit, it borrows money by selling bonds and other securities in order to pay for it, adding to the national debt. A budget surplus, on the other hand, occurs …

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

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

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 …

Dec 17, 2025 · The federal government’s mid-year budget update shows a modest improvement in the deficit forecast in 2025–26, but much of this comes from a larger-than-forecast tax take.

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