What is the difference between the government’s debt and the government’s deficit?

The debt is the annual shortfall of revenues minus disbursements whereas the deficit is the accumulation of past debts. The debt is the amount the government pays in interest payments whereas the deficit has not yet incurred interest charges. The debt is the amount payable to the Bank of Canada whereas the deficit is the annual shortfall of revenue minus disbursements. The debt is the accumulation of past deficits whereas the deficit is the annual shortfall between revenues and disbursements. The debt is the difference between tax revenues and government expenditures whereas the deficit is the difference between tax revenues and borrowing.