deficit

n. lack; shortage

A budget deficit occurs when an entity (often a government) spends more money than it takes in. The opposite is a budget surplus.An accumulated deficit over several years (or centuries) is referred to as the government debt. Often, a certain part of spending is dedicated to paying of debt with certain maturity, which can be refinanced by issuing new government bonds. That is, a fiscal deficit leads to an increase in an entity's debt to others. A deficit is a flow. And a debt is a stock. Debt is essentially an accumulated flow of deficits.
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Déficit is a Mexican feature film, the debut of Gael García Bernal as a director. It is currently scheduled to premiere in late 2007.
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Noun
1. the property of being an amount by which something is less than expected or required
(synonym) shortage, shortfall
(hypernym) insufficiency, inadequacy, deficiency
(hyponym) oxygen deficit
2. an excess of liabilities over assets (usually over a certain period)
(hypernym) liabilities
(hyponym) budget deficit

n. deficit, gap

n. deficit, deficiency, shortage, shortfall