Updated October 25, 2016. Definition: A budget deficit is when spending is greater than the revenue received for that year. That's known as deficit spending. The national debt is the accumulation of each year's deficit. When revenue exceeds spending, that creates a budget surplus.
Quick Answer. Mexico gained independence from Spain on Sept. 27, 1821. On Sept. 16, 1810, Miguel Hidalgo y Costilla declared independence from Spain by issuing the Grito de Dolores and launched the Mexican War of Independence. The war ended with the signing of the Treaty of Cordoba on Aug. 24, 1821.
El Salvador, Costa Rica, Guatemala, Honduras, and Nicaraguaâdeclared their independence from Mexico in July 1823. In 1837, the federation finally dissolved and a Constituent Assembly officially declared Nicaraguaâs independence from the United Provinces of Central America on April 30, 1838.