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.
Mexico's Independence Day is celebrated on September 15 and 16 with festive decorations, delicious traditional foods, lively parades, and boisterous patriotic displays. Whether you're celebrating in Mexico or elsewhere, this is the perfect time to celebrate Mexican culture and national identity.exico's War of Independence was initiated by Father Miguel Hidalgo who called out to the people to rise up against Spain in 1810. This event is known as el grito de Dolores. On September 15 at 11 pm el grito is re-enacted in town squares throughout Mexico.