Dace definition: A dace is a type of fish that lives in rivers and lakes . | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog English
A budgetary situation when the expenses incurred by the government are over and above the tax revenues taken in. Also called Federal Debt.
In a nutshell, the Budget Deficit is the shortfall between what the government spends during a single year compared with what it brings in during a single year. The National Debt, on the other hand, is the accumulation of all the Budget Deficits for every year since the United States has been in existence.