Difference between revisions of "Deficit (Surplus)"
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| − | The amount by which outlays exceed receipts in a given [[fiscal period]]. (A surplus would be the amount by which receipts exceed outlays.)<ref> | + | The amount by which outlays exceed receipts in a given [[fiscal period]]. (A surplus would be the amount by which receipts exceed outlays.)<ref>https://www.senate.gov/pagelayout/reference/b_three_sections_with_teasers/glossary.htm</ref> |
== References == | == References == | ||
Latest revision as of 15:15, September 26, 2018
The amount by which outlays exceed receipts in a given fiscal period. (A surplus would be the amount by which receipts exceed outlays.)[1]