What will be the outcome when the government spending more in one year then it takes in during that year?

The correct answer to this question is Budget deficit. The dictionary defines the budget deficit as the amount in which the goverment exceeds in come from in a single year. This excession can come from things like taxes and custom duties.

To simplify the term, a budget deficit is a loss during a year and this loss comes from expenses exceeding revenue. In 2018, the budget deficit was around 800 billion. This is about 4% of the GDP. It goes without saying that this is a high amount of debt. Many point blame to the tax cut, which the Republicans were responsible for.