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For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
What else can I help you with?
What is the opposite of Deficit?
The opposite of a deficit is a surplus. A deficit occurs when a country's expenses are greater than their revenues. A surplus is the opposite.
Does Italy have a trade deficit or a trade surplus?
Germany currently has a trade surplus. COOL HUH !
Does the UK have a trade surplus or trade deficit?
It has a surplus in trade of invisibles, and a deficit in trade of visibles.
What is the difference between a surplus and a deficit?
A surplus is more than needed, a deficit is a shortage or loss
Does US have a deficit or trade surplus?
Trade deficit
Does Costa Rica have a deficit or a surplus?
Deficit
What is the opposite of Deficit?
The opposite of a deficit is a surplus. A deficit occurs when a country's expenses are greater than their revenues. A surplus is the opposite.
Does Italy have a trade deficit or a trade surplus?
Germany currently has a trade surplus. COOL HUH !
Does the UK have a trade surplus or trade deficit?
It has a surplus in trade of invisibles, and a deficit in trade of visibles.
What is the difference between a surplus and a deficit?
A surplus is more than needed, a deficit is a shortage or loss
Does US have a deficit or trade surplus?
Trade deficit
The antonym of the word deficit?
The antonym of deficit is surplus.
Is India a trade deficit or trade surplus?
deficit
How do you calculate the surplus or deficit as a percentage of GDP?
Surplus or deficit as a percentage of GDP can be calculated by using deficit/GDP multiplied by 100, where deficit is calculated by subtracting expenses from sources.
Did the US have a federal deficit or surplus in 1998?
The United States had a federal surplus in 1998. There was a surplus until 2001, but after 2001, the country has had a national deficit.
What is the difference between energy deficit and energy surplus?
Surplus energy is an excess amount and deficit is not enough energy
Did the US have a trade surplus or deficit?
The USA has a trade deficit.
