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.
No, May 5 th is not Mexican Independence Day. Mexicoâs independence is celebrated on September 16th and shouldnât be confused with the holiday of May 5th.The celebration of â Cinco de Mayo â commemorates the âBattle of Pueblaâ (May 5, 1862).exicoâs independence is celebrated on September 16th and shouldnât be confused with the holiday of May 5th. The celebration of â Cinco de Mayo â commemorates the âBattle of Pueblaâ (May 5, 1862).