Updated October 25, 2016. Definition: A budget deficit is when spending is greater than the revenue received for that year. That's known as deficit spending. The national debt is the accumulation of each year's deficit. When revenue exceeds spending, that creates a budget surplus.
Quick Answer. Mexico gained independence from Spain on Sept. 27, 1821. On Sept. 16, 1810, Miguel Hidalgo y Costilla declared independence from Spain by issuing the Grito de Dolores and launched the Mexican War of Independence. The war ended with the signing of the Treaty of Cordoba on Aug. 24, 1821.
The day is celebrated with fireworks, flags, food, and parades. On the night of September 15th the cry of Dolores is re-enacted by local politicians in the public squares of most cities and towns throughout the country. On September 16 there are parades and civic ceremonies commemorating Mexico's independence.September 16 is a national holiday in Mexico: all schools, banks, and government offices are closed. For some fun ideas on how to celebrate, check out 10 Ways to Celebrate Mexican Independence Day.exican Independence Day is the most patriotic of Mexico's holidays. From the beginning of the month of September, Mexico's streets and buildings are festooned with an explosion of green, white and red.