U.S. Fiscal Year 2026 Deficit Reaches $2 Trillion

The U.S. Department of the Treasury has released its final Monthly Treasury Statement for fiscal year (FY) 2026, revealing a budget deficit of $2.0 trillion. This figure is $217 billion higher than the deficit recorded in FY 2025. The FY 2026 deficit resulted from $7.4 trillion in spending and $5.4 trillion in revenue collections. As a share of the economy, the deficit is estimated to be 6.1 percent of gross domestic product (GDP).