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a current account deficit; a negative net flow of liquid assets to the citizens of a particular country. The external balance includes the trade balance, net foreign factor income, and net foreign aid *received*. Usually the main cause of an external deficit is a trade deficit.
by Abu Yahya February 14, 2009
Get the external deficit mug.the gap between revenues and expenditures for a government (over a given period of time); often referred to as an internal deficit or fiscal deficit.
The public deficit accumulates over each time period (usually a year) into what is known as the public debt.
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"DEEICK!!!" - retarded kid in the back
"Aw deeick, we have a test"
"DEEICK!!!" - retarded kid in the back
"Aw deeick, we have a test"
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