Cyclically adjusted deficit |
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Cyclically adjusted deficit (CAD ) - An estimate of the government budget deficit (expenditure minus tax revenue), not as it actually is but as it would be if national income were at its potential level.
For example, in fiscal year 2003, the actual budget deficit was $375 billion, of which an estimated $68 billion was due to the lingering effects of a recession, so that the cyclically adjusted deficit was $307 billion.
Convertible currency
Currency Reform
Currency Risk
Current Account Balance of Payments
Current Bank Account
Current Prices Constant prices
Customs excise Duty
Customs Union
Cyclically adjusted Deficit ...
 See also: Cyclical, Capital account, Current account, Customs union, Balance of payments
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