What is the meaning of Federal deficit (surplus)?

Federal deficit > surplus

When federal government expenditures are exceeded by federal government revenue.

Barry Goldsmith
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APABarry Goldsmith. (2010). Federal deficit (surplus). Retrieved September 27, 2026, from http://smartdefine.org/federal_deficit_(surplus)/definitions/1153703
ChicagoBarry Goldsmith. 2010. "Federal deficit (surplus)" http://smartdefine.org/federal_deficit_(surplus)/definitions/1153703 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, Federal deficit (surplus), Smart Define, viewed 27 September, 2026, <http://smartdefine.org/federal_deficit_(surplus)/definitions/1153703>.
MLABarry Goldsmith. "Federal deficit (surplus)" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/federal_deficit_(surplus)/definitions/1153703>