A deficit is the difference between government spending and revenues.
Without the increase, he said, there would be a $60.6 million gap between revenue and expenses.
Profit - in accounting, is the difference between revenue and cost.
Based on current proposals for the 1991 budget, the gap between spending and revenues could be just as large.
In the effort to keep the gap between spending and revenue to $100 billion, new taxes were introduced.
They also warned that gaps between revenues and spending could continue for years.
It would emphasize, in a healthy, public way, the connection between state spending and revenue.
The difference between revenues and expenditures during a year is either a surplus or a deficit.
The league is demanding a fixed relationship between revenue and wages.
Gross margin is the difference between revenue and cost before accounting for certain other costs.