+A **deficit** arises when outgoings surpass incomings over a set period. It stands as the counterpoint to a [Surplus](/wiki/surplus), often signaling a shortfall that can contribute to increased [Debt](/wiki/debt). This financial imbalance is common in government budgets, trade, and personal finance.
+## See also
+- [Budget](/wiki/budget)
+- [Economy](/wiki/economy)
+- [Revenue](/wiki/revenue)
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