{ "vercy": "1.0-draft", "publication": { "status": "research-draft", "adjudicationStatus": "unreviewed", "publishableCanonical": false, "generatedAt": "2026-09-11T10:00:33Z", "providers": [ "Claude" ], "breadth": "written by Claude from model knowledge without web access - no source was read, every claim is a lead to verify", "pass": 2, "wave": 1, "engine": "claude", "enrichment": { "pass": 3, "engine": "claude", "producedAt": "2026-10-05T17:00:00Z", "ingestedAt": "2026-10-05T13:25:41+00:00", "fields": [ "agent_conduct", "ethics", "owners" ] }, "revisions": [ { "at": "2026-10-08T18:43:21+00:00", "engine": "codex", "fields": [ "definition" ], "answering_review": "c3d679cd3ad49508ffa53074495b84e285fc2b903d2ea343e18837bff6565f55" } ], "gate": { "passed": true, "version": "1.0", "at": "2026-10-08T18:54:35+00:00", "evidence": [ "completeness 1.00", "sense: WordNet gloss", "2 live sources", "review by codex: pass" ] } }, "metaModel": { "id": "THING-DEFICIT", "registryId": "vr.tr.deficit", "name": "deficit", "version": "0.2.0-wave.1", "entryKind": "thing", "family": "Thing Registry", "domain": [ "SOC.ECO" ], "status": "research-draft" }, "canonicalUrl": "https://ver.cy/models/thing/deficit/", "model": { "registry_id": "vr.tr.deficit", "name": "deficit", "purpose": "Let an agent explain deficits factually by type, measurement, data sources and debates, presenting economic views neutrally and giving no personal financial advice.", "definition": "A negative balance of flows over a period, such as a government budget deficit when spending exceeds revenue, a trade deficit when imports exceed exports, or a current account deficit when current account debits exceed credits; this differs from a stock imbalance in which liabilities exceed assets at a point in time. Deficits do not universally accumulate into debt, since financing can include borrowing, equity investment or asset sales, depending on the type of deficit.", "what_it_is_for": "Describing fiscal and external balances.", "affordances": [ "distinguish budget, trade and current account deficits", "find official deficit data", "compare deficits as a share of GDP", "summarise economic debates with attribution" ], "distinguishing_features": [ "Flow measure over a period", "Several kinds", "Measured by official statistics", "Subject of political debate" ], "appearance": "Not physical; figures in budgets and national accounts.", "visual_identification": [ "Negative balance for a period", "Often shown as percent of GDP", "Debt is the stock, deficit the flow" ], "physical_properties": [], "families_and_kinds": [ "budget deficit", "primary and structural deficit", "cyclical deficit", "trade deficit", "current account deficit" ], "related_models": [ { "relation": "is a kind of", "target": "financial balance", "why": "category" }, { "relation": "is contrasted with", "target": "surplus", "why": "opposite" }, { "relation": "accumulates into", "target": "public debt", "why": "stock" }, { "relation": "is measured in", "target": "national accounts", "why": "statistics" } ], "identifiers": [], "standards_and_regulation": [ "EU Stability and Growth Pact deficit rules", "IMF Government Finance Statistics", "National fiscal rules" ], "failure_modes_and_hazards": [ "Confusing deficit and debt", "Partisan framing", "Comparing nominal figures across countries" ], "in_scope": [], "out_of_scope": [], "characteristics": [], "agent_conduct": { "may": [ "Report budget, trade or current account deficits from official statistics, with period and source.", "Explain how a deficit is calculated and what it does and does not show." ], "must_not": [ "Mix up deficit and debt, or different deficit measures, in a way that misleads.", "Present a forecast deficit as an outturn figure.", "Help disguise an organization's or a government's deficit in its accounts.", "Present partisan claims about a deficit as neutral fact." ], "requires_human": [ "Using deficit figures to make or advise on spending or borrowing decisions." ] }, "ethics": { "considerations": [ "Deficits shape public services, taxes and the burden passed to future generations.", "Deficit figures are used in political argument; distortion misleads voters." ], "affected_parties": [ "Taxpayers and users of public services", "Future generations", "Creditors and investors" ] }, "owners": { "steward": "The government or organization whose accounts show it; statistics offices and auditors measure it.", "master_systems": [ "National accounts and public finance statistics" ] } }, "sources": [ { "id": "oewn", "title": "Open English WordNet 2024, synset oewn-13417449-n", "url": "https://en-word.net/id/oewn-13417449-n", "what_it_supports": "sense and gloss of the concept", "url_status": "live", "checked_by": "http 200" }, { "id": "wiktionary-en", "title": "Wiktionary: deficit", "url": "https://en.wiktionary.org/wiki/deficit", "what_it_supports": "word senses and usage", "url_status": "live", "checked_by": "http 200" } ], "structure": { "bundles": [ { "id": "type", "name": "Type", "description": "Which deficit.", "rationale": "Types differ.", "layers": [ { "id": "kind", "name": "Kind", "description": "Budget or trade.", "findings": [ { "id": "kind-finding", "name": "Kind", "description": "Deficit type.", "questions": [ { "text": "Is a budget, trade or current account deficit meant?", "kind": "definition" }, { "text": "For which country and period?", "kind": "definition" } ] } ] }, { "id": "versus-debt", "name": "Versus debt", "description": "Flow and stock.", "findings": [ { "id": "versus-debt-finding", "name": "Versus debt", "description": "Deficit versus debt.", "questions": [ { "text": "Is deficit being confused with debt?", "kind": "boundary" }, { "text": "How do they relate?", "kind": "definition" } ] } ] } ] }, { "id": "data", "name": "Data", "description": "Official figures.", "rationale": "Figures need sources.", "layers": [ { "id": "figures", "name": "Figures", "description": "Values.", "findings": [ { "id": "figures-finding", "name": "Figures", "description": "Deficit figures.", "questions": [ { "text": "What is the deficit, in money and as a share of GDP, from the official statistics office?", "kind": "measurement" }, { "text": "For which year, and is it revised?", "kind": "provenance" } ] } ] }, { "id": "comparison", "name": "Comparison", "description": "Across countries.", "findings": [ { "id": "comparison-finding", "name": "Comparison", "description": "Comparisons.", "questions": [ { "text": "How does it compare with other countries on the same definition?", "kind": "measurement" }, { "text": "Which database is used?", "kind": "provenance" } ] } ] } ] }, { "id": "rules", "name": "Rules", "description": "Fiscal rules.", "rationale": "Rules constrain deficits.", "layers": [ { "id": "limits", "name": "Limits", "description": "Thresholds.", "findings": [ { "id": "limits-finding", "name": "Limits", "description": "Fiscal limits.", "questions": [ { "text": "Which fiscal rules or limits apply?", "kind": "provenance" }, { "text": "Is the country within them?", "kind": "measurement" } ] } ] }, { "id": "procedure", "name": "Procedure", "description": "Enforcement.", "findings": [ { "id": "procedure-finding", "name": "Procedure", "description": "Enforcement.", "questions": [ { "text": "Is an excessive deficit procedure or similar process under way?", "kind": "provenance" }, { "text": "What does it require?", "kind": "provenance" } ] } ] } ] }, { "id": "debate", "name": "Debate", "description": "Economics.", "rationale": "Views differ.", "layers": [ { "id": "views", "name": "Views", "description": "Schools of thought.", "findings": [ { "id": "views-finding", "name": "Views", "description": "Economic views.", "questions": [ { "text": "What do different economists argue about this deficit?", "kind": "provenance" }, { "text": "Are views attributed rather than endorsed?", "kind": "boundary" } ] } ] }, { "id": "advice", "name": "Advice", "description": "Personal finance.", "findings": [ { "id": "advice-finding", "name": "Advice", "description": "Advice limit.", "questions": [ { "text": "Is the user asking for personal investment advice?", "kind": "boundary" }, { "text": "How should they be referred to a licensed adviser?", "kind": "action" } ] } ] } ] } ] }, "openQuestions": [ "Should each deficit type be a separate entry?", "How should official data be linked?", "How should debates be attributed?" ], "statistics": { "bundles": 4, "layers": 8, "findings": 8, "questions": 16 } }