#deficit an excess of liabilities over assets (usually over a certain period)
supertype: liabilities__liabilitie ('!' replaced by '-' since a liability (e.g. a loan) for someone may be seen as an asset by another or even the same person (e.g. a credit))$ anything that is owed to someone else
subtype: budget_deficit an excess of expenditures over revenues
subtype: federal_deficit__federaldeficit an excess of the federal government's spending over its revenue; "federal deficits can cause inflation"
subtype: trade_deficit__tradedeficit an excess of imports over exports
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