U.S. Fiscal 2026 Budget Deficit Nears $2 Trillion, Up 12% From Year Earlier
JH Kim
Summary
- The U.S. federal budget deficit for fiscal 2026 came to nearly $2 trillion.
- That was 12% higher than the previous fiscal year.
- The tally reflected the budget balance from October 2025 through September 2026.
Forecast Trend Report by Period
The U.S. federal budget deficit for fiscal 2026 came in at nearly $2 trillion, up 12% from the previous year.
Cointelegraph reported on Oct. 16 that the U.S. fiscal 2026 deficit totaled about $2 trillion. That was up 12% from the prior fiscal year.
The U.S. fiscal year begins on Oct. 1 and ends on Sept. 30 of the following year. This tally reflects the budget balance from October 2025 through September 2026.
A budget deficit refers to the amount by which federal government spending exceeds revenue during that period.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.