This is the normal way to talk about changes in deficits and surpluses in English, and it’s not ambiguous, although it may look that way initially. In everyday speech, a “deficit” already means a shortfall or a negative amount. When we say a “surging deficit,” we mean the size of that shortfall is increasing. We generally treat deficits as only positive or zero (never negative), and if it flips, we call it a “surplus” instead.
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I think the specific thing they're pointing out is how they say "recently" even though they're always in a weird place.