The fiscal deficit of the United States for the fiscal year 2026 reached 1.99 trillion USD, setting a new five-year high

According to data from the U.S. Department of the Treasury, as of September 30, the fiscal year 2026 U.S. budget deficit expanded by $217 billion year-on-year to $1.99 trillion, the highest level since the fiscal year 2021. Fiscal revenue reached a record $5.4 trillion, while expenditures amounted to $7.4 trillion. Debt service expenditures increased by 12% to $1.36 trillion. A Supreme Court ruling led to the refund of $145 billion in tariffs, resulting in a net tariff revenue decline of 11%. The budget deficit accounted for 6.2% of GDP.