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- October 17, 202613°
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US Treasury reports $167 billion federal deficit for August
The US federal government recorded a $167 billion budget deficit in August of fiscal year 2026. The deficit fell 52% from the same month last year, while the 11-month total reached $1.97 trillion.
The US federal government ran a $167 billion budget deficit in August of fiscal year 2026. According to a report released by the US Treasury Department, the figure was below the market expectation of a $221 billion deficit.
The deficit recorded in the 11th month of the fiscal year, which began on October 1, 2025, and will end on September 30, was 52% lower than the $345 billion recorded in August last year.
Revenue rose, while spending declined
Federal government revenue in August rose 5% from the same month last year to $360 billion. Spending fell 24% to $527 billion.
11-month deficit reaches $1.97 trillion
At the end of August, the federal government's total budget deficit for fiscal year 2026 reached $1.97 trillion. The deficit therefore matched the level recorded during the same period of fiscal year 2025.
During the 11-month period, government revenue rose 3% to $4.85 trillion, while spending increased 2% to $6.81 trillion.
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