Fiscal Deficit

When a government's total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits.

A fiscal deficit is regarded by some as a positive economic event. For example, economist John Maynard Keynes believed that deficits help countries climb out of economic recession. On the other hand, fiscal conservatives feel that governments should avoid deficits in favor of a balanced budget policy.


Investment dictionary. . 2012.

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  • fiscal — fis‧cal [ˈfɪskl] adjective [only before a noun] FINANCE ECONOMICS TAX connected with government taxes, debts, and spending: • The fiscal deficit was estimated at $53,800,000 or 3.5% of gross national product. • The current fis …   Financial and business terms

  • Fiscal — *Fiscal municipality in Huesca, Spain *Several bird species in the Shrike family are known as fiscals, for example the Common Fiscal. The name comes from the Afrikaans word fiskaal meaning ‘public official, hangman’, because they hang their prey… …   Wikipedia

  • Fiscal Neutrality — occurs when taxes and government spending are neutral, with neither having an effect on demand. Fiscal neutrality creates a condition where demand is neither stimulated nor diminished by taxation and government spending. A balanced budget is an… …   Investment dictionary

  • Fiscal policy — Part of a series on Government Public finance …   Wikipedia

  • Fiscal policy of the United States — Historically, the United States government has tended to spend more than it takes in, with national debt that was close to $1 billion at the beginning of the 20th century. The budget for most of the 20th century followed a pattern of deficits… …   Wikipedia

  • Fiscal Balance —    The balance of a government s tax revenues, plus any proceeds of asset sales, minus government spending. If the balance is positive the government has a fiscal surplus, if negative there is a fiscal deficit …   Financial and business terms

  • deficit — noun a) Deficiency in amount or quality; a falling short; lack. b) A situation wherein, or amount whereby, spending exceeds government revenue. Syn: fiscal deficit See Also: defect, defection, defective, defector, deficiency …   Wiktionary

  • Déficit presupuestario — Saltar a navegación, búsqueda Contenido 1 Concepto 2 Medida del déficit 3 El nacimiento del déficit en los años setenta …   Wikipedia Español

  • Deficit hawk — is an American political slang term for people who place great emphasis on keeping the federal budget under control. Deficit hawks believe the best way to reduce the deficit, pay off national debt, and balance the budget is by a combination of… …   Wikipedia

  • Fiscal — Saltar a navegación, búsqueda Fiscal puede referirse: A lo relativo al órgano persecutor penal, véase Ministerio Público: Al funcionario persecutor penal integrante del Ministerio Público, véase Fiscal (funcionario). A lo relativo a la fiscalidad …   Wikipedia Español

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