Definition of deficit:
- debt (part of speech: noun)
- shortage (part of speech: noun)
- incompleteness (part of speech: noun)
- "Benjamin Franklin", John Torrey Morse, Jr..
The income of the Philippine Government has necessarily been reduced by reason of the business and agricultural depression in the islands, and the Government has been obliged to exercise great economy to cut down its expenses, to reduce salaries, and in every way to avoid a deficit.- "Complete State of the Union Addresses from 1790 to the Present", Various.