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- October 17, 202612°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,517+0.02%
- October 17, 202612°
U.S. federal government’s 2026 fiscal year deficit reaches $1.99 trillion
The U.S. federal government recorded a $1.99 trillion budget deficit in fiscal year 2026. Revenue rose to $5.4 trillion and spending to $7.4 trillion, while the annual deficit increased by 12 percent.
The U.S. federal government’s budget deficit rose to $1.99 trillion in fiscal year 2026, covering the period from October 1, 2025, to September 30, 2026. A report by the U.S. Treasury Department on September and the full fiscal year showed that the deficit increased 12 percent from $1.78 trillion in fiscal year 2025.
The federal government recorded a $27 billion budget deficit in September, the final month of fiscal year 2026. The government had posted a $198 billion budget surplus in the same month a year earlier, while September revenue rose 3 percent year on year to $558 billion. Spending increased 69 percent to $585 billion.
Deficit reaches highest level in five years
The $1.99 trillion deficit recorded in fiscal year 2026 was the highest in the past five years after the $2.77 trillion deficit in fiscal year 2021, when the COVID-19 pandemic was having an impact.
Revenue and spending increase
Federal government revenue for the fiscal year rose 3 percent from the previous fiscal year to $5.4 trillion. Spending also increased 6 percent over the same period, reaching $7.4 trillion.
Interest payments increase
Gross interest payments rose from $1.22 trillion in fiscal year 2025 to $1.36 trillion in fiscal year 2026. Net interest costs also exceeded $1 trillion in fiscal year 2026, compared with $970.4 billion in fiscal year 2025.
Net customs duty revenue declined. This item fell from $194.9 billion in fiscal year 2025 to $173.2 billion in fiscal year 2026.
Source: Anadolu Ajansı
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