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.
Father Miguel Hidalgo kicked off Mexico's Independence Movement on September 16, 1810 with his famous Cry of Dolores. He is considered the founding father of the United States of Mexico, but he remains misunderstood by many. Here are ten facts about Mexico's favorite Liberator.