Is it true a federal budget deficit occur when the government spending exceed the amount of money it bring in?

Yes, a federal budget deficit occurs when government spending exceeds its revenue, primarily from taxes and other income sources. This situation means that the government has to borrow money to cover the shortfall, which can lead to an increase in national debt over time. Deficits can be a normal part of fiscal policy, especially during economic downturns, but persistent deficits may raise concerns about long-term economic stability.