Dace definition: A dace is a type of fish that lives in rivers and lakes . | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog English
A budgetary situation when the expenses incurred by the government are over and above the tax revenues taken in. Also called Federal Debt.
In dollar terms, 2014 was the lowest federal deficit since 2008. And in the category most important to economists â the deficit as a percent of Gross Domestic Product â the 2014 deficit was 2.8 percent of GDP, the smallest since 2007. There are several ways to look at this.