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English definition of “deficit”

deficit

noun [C] uk   /ˈdef.ɪ.sɪt/ us  
C1 the total amount by which money spent is more than money received: The country is running a balance-of-payments/budget/trade deficit of $250 million. The UK's deficit in manufactured goods fell slightly in the last three months.Profits and losses
(Definition of deficit from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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