In Connecticut, the projected deficit represents about 2.5 percent of the overall budget.

For most, the deficit no longer represents a national account badly out of balance and in need of quick correction to avoid imminent disaster.

The $4.2 billion deficit represents the difference between two huge numbers: outlays of $127.7 billion and receipts of $123.5 billion.

The state's potential deficit, almost $300 million, represents about 1 percent of its budget.

Today, partly because of his efforts, the deficit represents only 1 percent of the economy, the lowest figure in a generation.

While there is plenty of unused productive capacity today, the deficit, to many, represents a large, already mortgaged claim on future savings.

Last year's $579 million foreign-trade deficit, largely financed by loans from the Soviet bloc, represented one-third of total national income.

A deficit of that size would represent a little more than 4 percent of the gross national product, below the peak reached in the last recession.

The German surplus, and corresponding deficits in every other Community country except Ireland, represent a structural problem for the entire Community.

But the deficit from America's overseas transactions represents less than 3 percent of the nation's $6 trillion plus in annual economic activity.