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.
By Christopher Minster. Mexico's Independence Day-September 16: Mexico celebrates its independence every September 16 with parades, festivals, feasts, parties and more. Mexican flags are everywhere and the main plaza in Mexico City is packed.n US cities with large Mexican populations, such as Houston or Los Angeles, expatriate Mexicans will have parties and celebrations-you'll probably need a reservation to eat at any popular Mexican restaurant that day! Some people mistakenly believe that Cinco de Mayo, or May Fifth, is Mexico's independence day.