The federal debt is the same thing as the budget deficit.

Name: The federal debt is the same thing as the budget deficit.
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The federal debt is the total amount of money the government owes, while the budget deficit is the difference between government spending and revenue in a given year. The federal debt can increase even if there is no deficit in a particular year, if the government continues to spend more than it takes in.

The Federal Debt Is the Same Thing as the Budget