"To cover the deficit" means to fill or make up for a lack or shortage of something. It usually refers to the situation where there is not enough money to pay for expenses, and efforts are made to find additional funds or reduce expenses to balance the budget.
Full definition
While dioceses have stepped in to
cover deficits for years, it's not sustainable to assume they can do that forever.
But the institute has operated in the red for years, and has been forced to
cover its deficit by drawing down its endowment, which shrunk from $ 430 million in fiscal year 2012 to $ 397 million in fiscal year 2014.
We never thought, even after the referendum, that a country with a gaping current account deficit could decide to saw off the branch of the tree that it was sitting on, flipping the bird to all those investors
who cover that deficit as it crashed to earth.
With the state budget now 27 days late, Gov. David Paterson today pleaded with the Legislature to pretty please give an up - or - down passage to his proposal — enhanced with an additional $ 620 million worth of cuts and revenue to
cover a deficit gap that has opened since his Feb. 9 budget amendments.
Revenues from the ongoing Wall Street rally will be a «bright spot» heading into potentially difficult state budget talks complicated by the federal tax overhaul, but New York government leaders shouldn't count on stock market gains to
cover a deficit projected to be in the billions of dollars, the state's top fiscal officer said Tuesday.
They also published a joint memorandum negotiated over the last five
days covering deficit reduction, environment, tax, banking reform, an annual cap on immigration, welfare and relations with Europe.
Many LAs have secured Schools Forum approval for a contingency to
cover deficits arising from school closures and sponsored academies, so it is clear that schools are being reasonable about this, and are willing to spread the risk in a collegiate approach.
If you do, your savings balance can
cover the deficit whenever you overspend, although this is hardly an optimal solution: you may avoid the overdraft fee, but TD Bank charges an overdraft protection fee of $ 10 each time you use this service.
Banks would not be able to lend if the cash raised from central banks from repoing low quality assets
merely covered a deficit in their financing.
Flynn was also highly critical of the $ 96 million deficit bond, which he stated was only a temporary fix which meant more long - term debt and did
not cover the deficit completely.
Only six states require full funding of gifted programs by law, which means that in the face of budget shortfalls, monies for gifted education can often be diverted to
cover deficits in other areas.
If the government wants to continue to deficit spend for entitlements, then it may need to consider selling some of the over $ 128 trillion in assets it owns to
cover the deficit.
-LRB-...) Demand for Spanish bonds is wilting fast, and Spain must issue billions more to
cover its deficits and repay old debt coming due in October.
But being in the position to print the currencies for occupied Europe, Nazi Germany never had to
cover that deficit.
Senate Deputy Majority Leader John DeFrancisco faulted Democratic Gov. Andrew Cuomo for raising taxes to
cover the deficit.
The first two, already announced,
cover the deficit and curbing immigration — two natural Tory subjects.
Florida, too, has adequate reserve levels to
cover a deficit, while both California and New York were found to be lacking, Moody's found.
But the governor targets other areas for cuts or freezes and calls for about $ 750 million in new taxes and fees as a way to
cover the deficit.
«Over the past six or seven years the county has used about $ 600 million in one - shot revenues to
cover the deficit.
Savings in other departments are unable to
cover these deficits.
The surplus funds used to
cover this deficit are not available this year, and the Town Board either had to impose a 15 percent tax increase or drastically cut town employees to balance the 2012 budget.
Sweeps: The state budget in recent years has utilized transfers from the New York Power Authority and a draw - down of reserves from the State Insurance Fund, which covers workers compensation claims, to
cover deficits.
When insufficient protein is ingested in the diet, or insufficient calories are taken in, the body will catabolize protein from muscle mass and then eventually from the organs to
cover the deficit.
Even in the face of the current recession, state governments are raising taxes to
cover deficits.
Gap insurance can
cover the deficit.
But after a little while of doing this, printing money to
cover deficits, interest rates rise enough such that a broad coalition of those that need to borrow complain loud enough that the policies get reduced or reversed.
If the CFD provider does not
cover this deficit, there may not be enough money in the account to pay you what you are owed.
Now you are in a position to decide if you want to control the sales increase or borrow money to
cover the deficit.
Mr. Michaelson conceded that the school could have continued to use the endowment to
cover deficits and would have survived until 2018, when the higher payments from the Chrysler lease start.
The school's financial crisis is expected to be most acute over the next five years; in 2018, the revenues on the land under the Chrysler Building go up by $ 25 million a year, enough to
cover the deficit, although only for a while.
During times of deficit spending, tax liability escaped by «wind farm» owners adds to amounts that must be borrowed to
cover the deficit and, therefore adds to the huge and growing national debt burden that will fall on our children and grandchildren.
Universities are to be allowed to charge tuition fees as they see fit to
cover this deficit.
Plumbing issues, roofing problems, electrical messes, foundation worries, and other challenges often surface in older and poorly constructed homes, and you're responsible for
covering the deficit.