US Budget Deficit Hits $1.992 Trillion for Fiscal Year

The United States Department of the Treasury reported that the US budget deficit reached $1.992 trillion for the 2025–2026 fiscal year. This figure represents an increase from the $1.775 trillion deficit recorded during the previous year.

Total government spending for the fiscal year amounted to $7.396 trillion, while total revenue reached $5.403 trillion. Despite the annual increase, the deficit for the month of September fell to $26.9 billion, a significant drop from the $166.779 billion deficit seen in August. This monthly decline slightly exceeded analyst projections of $29 billion.

For September specifically, government spending rose 11 percent year-on-year to $584.775 billion. Revenue for the same period increased 1.5 times to $557.875 billion.