It is when there is not enough money to pay pensions. For example lots of companies have money set aside to pay their retired employees which is funded through existing employees paying into the pension scheme. If the amount of money to be paid to retired employees is more than there is in the pension fund, then the company has a pension deficit. At some point the money will run out.
nominal deficit is the deficit determined by looking at the difference between expenditures and receipts.real deficit: nominal deficit - (inflation x total debt)
An example of using the noun, deficit, is: "an annual operating deficit."
fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.
Primary deficit=Fiscal deficit-[minus] Interest payments
Monetized deficit is when the government prints money to pay down the deficit.
Deficit
Concept of deficit
pension
my basic pension is 8123 and what will be my new basic pension
No pension.
current account deficit
Trade deficit