Question

When the federal government spends more money than it takes in, it borrows money to make up the difference. What is this called?

Answer 1

Budget deficit is the difference between what the federal government spends (Called layouts) and what it takes in (Revenue or receipts) the national debt also known as the public debt is the result of the federal government borrowing money to cover years and years of budget deficits.

Answer 2

deficit i believe .........