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How to Say "deficits" in Spanish

The most common Spanish word for “deficits” is “agujeros” — use 'agujeros' when referring to a financial shortfall, particularly in the context of government budgets or economic policy..

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agujeros

ah-goo-HEH-rohs/a.ɣuˈxe.ɾos/

nounC1financial
Use 'agujeros' when referring to a financial shortfall, particularly in the context of government budgets or economic policy.
A small, pink ceramic piggy bank that is cracked at the bottom, allowing colorful coins to fall out onto the ground.

Examples

El nuevo plan económico intenta reducir los agujeros fiscales del país.

The new economic plan attempts to reduce the country's fiscal deficits.

Tenemos que cubrir los agujeros en el presupuesto antes de fin de año.

We have to cover the shortfalls in the budget before the end of the year.

Figurative Use

In this context, 'agujeros' is a metaphor. Think of money leaking out or a gap where money should be, hence the 'hole' analogy for a financial shortfall.

nounB1accounting
Use 'pérdidas' when talking about accounting losses, such as a company's financial results over a period.

Examples

La empresa reportó grandes pérdidas este trimestre.

The company reported big losses this quarter.

Agujeros vs. Pérdidas

Learners often confuse 'agujeros' and 'pérdidas'. Remember that 'agujeros' specifically implies a deficit in a budget or financial plan, like a 'fiscal deficit', while 'pérdidas' is a more general term for accounting losses.

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