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.
Scholars writing the history of Mexican independence might begin with two straightforward dates: On September 16, 1810, peasants across the countryside responded to Father Miguel Hidalgoâs call to rebellion and took up arms against the Spanish. Eleven years later, Spain agreed to recognize Mexico as an independent country.