Structural and cyclical deficit
Structural and cyclical deficits are two components of deficit spending. These terms are especially applied to public sector spending which contributes to the budget balance of the overall economy of a country. Deficit spending, or simply deficit, is defined as: the amount by which spending exceeds revenue over a particular period of time. The total budget deficit, or headline deficit, is equal to the sum of the structural deficit and the cyclical deficit (or surplus/es).