Deficit
Definition 1 of 4
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Economic Context
'Deficit' often relates to government budgets and economics. The government introduced measures to reduce the fiscal deficit.
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Negative Impact
'Deficit' implies a problematic shortfall in finances or resources. The trade deficit has had a negative impact on the economy.
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Formality Level
'Deficit' is a formal word, often used in official or financial reports. The annual report shows a significant budget deficit.