what is the difference between nation's deficit and debt?

what is the difference between nation's deficit and debt?
没办法啊,需要英文的答案或一些资料.

Deficit scarlet
Many for financial
In its fiscal year fiscal expenditure is greater than the difference of income. Because the accountant with scarlet and therefore said habit name. In China, the financial revenue and expenditure is through the national budget balanced, the budget deficit usually appears as budget implementation results than accept the difference between the teams, it is also called the budget deficit. A year of fiscal revenue for countries represent that part of the centralized master dominated society products, financial expenditure than income, happen deficit, means that by this section expenditure by the formation of the social purchasing power no corresponding social products as material guarantee. In order to make up the budget deficit, countries forced additionally-issued notes, by adding no material guarantee of currency issue. If the financial deficit too large, finance currency issue is overmuch, material supply long-term cannot meet the requirements, it happens inflation, causing prices, cause residents lowering the standard of life. Thus shall comply with the principle of fiscal expenditure 225m arrangement, keep financial balance. But because mistakes in the work or the occurrence of war, serious natural disasters are accidents, often also can make financial DuanShou or overruns, forming deficit. Normally, socialist national finance shall adhere to the balance of payments and somewhat balance, not dozen deficit. Insist on fiscal balance, not just concentrating on financial revenue and expenditure itself, even will budgetary revenues and expenditures with the entire national income linked to look, to prevent false balance and hidden deficit. For example, plans to determine income index is impractical, execute other aspects of income used diverted to realize, payable to cost arrangement is insufficient, spending leave gap etc., thus forming balance was not true, reliable, but the balance of surface false balance. Enterprise false value and profit, or produce production disjointed will make part of fiscal revenue false, budgetary revenues and expenditures may balance, but actually have concealed deficit. If spending more than income, slightly deficit, this is also a favorable condition, explain the national revenue has been effectively and make full use of it. But we must cut the deficit control within limits.
From accounting significance to see
Debt is to point to by past transactions or events form, by unit undertake and expected accounting cause outflow of economic benefits from the unit's present obligations, including loans, payable and advance payments, etc.
From the economic significance to see
Must return money. In addition to borrow money away, and if the word is bond issue, still must return the principal and interest (principal + interest), this is also called debts. Put not could return to debt become debt does not perform. In addition, the debt itself rising called debt than capital.