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Deficit vs Debts - What's the difference?

deficit | debts |

As nouns the difference between deficit and debts

is that deficit is deficit while debts is .

deficit

English

Noun

(en noun)
  • Deficiency in amount or quality; a falling short; lack.
  • A situation wherein, or amount whereby, spending exceeds government revenue.
  • * 2013 September 28, , " London Is Special, but Not That Special," New York Times (retrieved 28 September 2013):
    • Economically, too, London is startlingly different. The capital, unlike the country as a whole, has no budget deficit : London’s public spending matches the taxes paid in the city. The average Londoner contributes 70 percent more to Britain’s national income than people in the rest of the country.
  • *

    • Synonyms

    * fiscal deficit

    Derived terms

    * fiscal deficit * trade deficit

    Related terms

    * defect * defection * defective * defector * deficiency * deficient

    External links

    * (wikipedia)

    References

    * ----

    debts

    English

    Noun

    (head)