Difference between revisions of "Deficit (surplus)"
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| − | + | A '''Deficit''' is the amount by which outlays exceed receipts in a given fiscal period. (A [[surplus]] would be the amount by which the receipts exceed outlays).<ref>[https://www.senate.gov/reference/glossary_term/deficit_or_surplus.htm] US Senate Reference</ref> | |
==References== | ==References== | ||
<references/> | <references/> | ||
[[Category:United States Senate Terms]] | [[Category:United States Senate Terms]] | ||