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.
In 1810 the Mexican priest Miguel Hidalgo started the Mexican war of independence. In 1821 the Spanish finally retreated and Mexico became independent. The first leader of independent Mexico was Agustin de Iturbide. He set up the First Mexican Empire and became emperor. But the Mexicans were not happy with him, and in 1823 the country became a republic.