deficit
amount that spending exceeds income
The money amount by which someone, usually a government or company, spends more than it gets in a period of time.
a [budget/trade] deficit of [amount]
- The government is under pressure to cut the budget deficit before the next election.
- Last year the company reported a deficit of $2 million, forcing it to close two factories.
- Rising energy prices have widened the country's trade deficit with its major partners.
- Higher tax revenues helped reduce the fiscal deficit to its lowest level in a decade.
- If we continue to run a deficit at this rate, our national debt will grow quickly.
- The government has a big budget deficit this year.
- The company made a deficit of one million dollars.
- They are trying to reduce the deficit by cutting costs.
- Because of the trade deficit, the country imports more than it exports.
- New taxes were introduced to help close the budget deficit.
amount missing from what is needed
The amount that is missing because there is not enough of something that is needed or expected.
a deficit of [something] / a deficit in [something]
- The report warns of a serious skills deficit in the technology sector.
- Years of underinvestment have created a huge infrastructure deficit in rural areas.
- Most adults suffer from a sleep deficit during the workweek.
- There is a clear deficit of trust between the public and political leaders.
- The charity was founded to address the education deficit faced by disadvantaged children.
- I have a big sleep deficit after working all weekend.
- There is a deficit of doctors in this small town.
- The team has a deficit in communication skills.
- Many schools face a deficit of money and teachers.
- The country has a deficit of safe drinking water.
impairment in mental or physical function
A clear problem or weakness in the way the mind or body works, compared to what is normal.
a [cognitive/neurological] deficit in [ability]
- Patients with this condition often show cognitive deficits, especially in memory and attention.
- The scan revealed no neurological deficits following the minor stroke.
- Children with attention deficit may struggle to stay focused in class.
- Early therapy can help reduce language deficits in young children.
- The study found significant motor deficits in the group exposed to the toxin.
- The child has an attention deficit and finds it hard to focus.
- After the accident, he had a speech deficit and needed therapy.
- Some patients show memory deficits after surgery.
- The doctor tested her for any vision deficits.
- Training can help people with small social skill deficits.
- Base: deficit
- Plural: deficits
attention deficit
1reduced ability to focus attention
A problem where a person cannot stay focused on tasks as well as most people.
- Children with attention deficit may have trouble following instructions.
- The study examined how attention deficit affects academic performance.
- Medication is sometimes used to treat attention deficit in severe cases.
attention deficit hyperactivity disorder
1ADHD medical condition
A medical condition, often in children, where a person has strong problems with paying attention, sitting still, and controlling actions.
- Her son was diagnosed with attention deficit hyperactivity disorder at the age of eight.
- Teachers received training on how to support students with attention deficit hyperactivity disorder.
- Attention deficit hyperactivity disorder is often treated with a mix of medication and therapy.
budget deficit
1when government spends more than it gets
The money amount by which a government spends more than it receives in taxes and other income in a given time.
- The finance minister promised to halve the budget deficit within three years.
- Economists warned that the growing budget deficit could lead to higher interest rates.
- To reduce the budget deficit, the government cut spending on several major programs.
current account deficit
1shortfall on a country’s external account
The money amount by which a country pays more to other countries than it receives from them for trade and other flows in a period.
- A large current account deficit can put pressure on a country’s currency.
- The report highlighted a narrowing current account deficit over the past year.
- Foreign investment helped to finance the current account deficit.
deficit spending
1government spending more than income
When a government spends more money than it gets and borrows to pay for the extra spending.
- The government defended deficit spending as necessary to boost the economy.
- Critics argue that long-term deficit spending will increase the national debt.
- During recessions, many countries turn to deficit spending to support jobs.
democratic deficit
1lack of sufficient democracy or representation
A problem in a political system where people do not have as much real power or voice as they should in a democracy.
- Critics argue that the organization suffers from a serious democratic deficit.
- Reforms were proposed to address the democratic deficit within the union’s institutions.
- Low voter turnout is often seen as a sign of a democratic deficit.
fiscal deficit
1overall government financial shortfall
The total amount by which a government’s spending is higher than its income in a financial year.
- The country aims to keep the fiscal deficit below three percent of GDP.
- A high fiscal deficit can undermine investor confidence.
- International lenders demanded a plan to cut the fiscal deficit.
run a deficit
1have spending exceed income
To spend more money than you receive during a period, especially as a government or organization.
- The city has been running a deficit for the past five years.
- If we continue to run a deficit, we will eventually have to raise taxes.
- The charity cannot afford to run a deficit on this project.
sleep deficit
1not getting enough sleep over time
The missing hours of sleep when someone regularly sleeps less than they need.
- Many workers build up a large sleep deficit during the week.
- A chronic sleep deficit can harm your health and mood.
- He used the weekend to recover from his sleep deficit.
trade deficit
1when imports are greater than exports
The money amount by which a country buys more from other countries than it sells to them in a certain time.
- The country's trade deficit with its largest partner reached a record high last year.
- A shrinking trade deficit can be a sign of a stronger export sector.
- New tariffs were introduced in an effort to reduce the trade deficit.