US Budget Deficit Rises 12% to $1.99 Trillion in Fiscal 2026

MT newswire2026/10/16 22:11

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06:11 PM EDT, 10/16/2026 (MT Newswires) -- The US federal budget deficit rose 12% to $1.99 trillion in fiscal 2026, its highest level since 2021, as government spending outpaced revenue, AFP reported Friday. Interest payments on public debt increased by $144 billion to a record $1.36 trillion. Government revenue rose 3% to $5.40 trillion, while spending increased 6% to $7.40 trillion, AFP reported. Tariff refunds following the US Supreme Court's decision to strike down President Donald Trump's global duties contributed to the deficit, with customs refunds totaling $145 billion during the fiscal year, the report said.

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华尔街见闻•2026/11/09 10:26