Business · Economy · 2 hrs ago
US budget deficit rose 12% to $1.99 trillion in 2026
The US federal government recorded a $1.99 trillion deficit in the 2026 fiscal year, which ran from October 1, 2025, to September 30, 2026.
The deficit was 12% larger than in 2025, when it was $1.78 trillion.
Government revenue rose 3% to $5.4 trillion, while spending increased 6% to $7.4 trillion.
The gap was the largest in five years, though below the $2.77 trillion deficit recorded in 2021 during the Covid-19 pandemic.
Net interest costs topped $1 trillion, up from $970.4 billion the previous year, adding to the cost of federal borrowing.
Net customs-duty revenue fell to $173.2 billion from $194.9 billion in 2025.
The figures underline the scale of government borrowing needs, but no specific next step is stated.
The US federal budget deficit reached $1.99 trillion in fiscal 2026, up 12% from the previous year and the highest level in five years.
The fiscal year ran from October 1, 2025, to September 30, 2026.
Federal spending rose 6% to $7.4 trillion, while revenue increased 3% to $5.4 trillion.
Higher debt interest costs and refunds of tariffs that were struck down by the Supreme Court contributed to the deficit, according to Estadão.
The government recorded a $27 billion deficit in September, compared with a $198 billion surplus in the same month a year earlier.
- Who
- The US federal government.
- What
- Its fiscal 2026 budget deficit was $1.99 trillion, 12% higher than in fiscal 2025.
- When
- Fiscal 2026 ran from October 1, 2025, to September 30, 2026. The figures were reported on October 16, 2026.
- Where
- United States.
- Why
- Higher spending, including increased debt interest costs and tariff refunds, contributed to the deficit.
This story does not have two clearly opposing sides.
Fiscal 2026 began.
The Supreme Court struck down most of the tariffs imposed by President Donald Trump, according to Estadão.
Fiscal 2026 ended.
US Treasury figures on the fiscal year’s budget balance were reported.
- Fiscal 2026 deficit
- $1.99 trillion
- Increase from fiscal 2025
- 12%
- Fiscal 2025 deficit
- $1.78 trillion
- Fiscal 2026 revenue
- $5.4 trillion
- Fiscal 2026 spending
- $7.4 trillion
- September 2026 balance
- $27 billion deficit
8 sources
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