Suppose the government spending is 3.2 trillion, and taxes collected are 2.9 trillion.

What is the federal government deficit in that year?

The Fedral government deficit or fiscal deficit of government is given by:

FIscal deficit = total government spending - total revenue receipts- non debt capital

Revenue receipts = taxes collected by government = $2.9 trillion

Therefore,

FD = $3.2 trillion - $2.9 trillion = $0.3 trillion.

Thus, the deficit for the year is $0.3 trillion.