A fiscal deficit occurs when a government's spending exceeds its income within a specific period, typically a fiscal year. This means the government is spending more money than it is earning.

A primary deficit is the gap between a government's income (excluding interest payments) and its spending on non-interest expenses. It reflects how effectively a government is handling its finances, ...

The United States has had a trade deficit, meaning we import more than we export, for the past fifty years. But recently the trade deficit has become a front-burner issue for President Donald Trump ...