US Budget Deficit Shrinks in August, Year-to-Date Flat at $1.97 Trillion
11 Articles
11 Articles
The Economic Times
US budget deficit shrinks in August, year-to-date flat at $1.97 trillion
The US federal budget deficit decreased significantly in August. This reduction occurred due to lower spending and some payment shifts. However, the fiscal year-to-date budget gap remained largely unchanged. August receipts saw an increase, including customs revenue after refunds. The overall deficit for eleven months exceeds the projected full-year 2025 deficit.
Federal budget deficit reaches $2T in first 11 months of fiscal year 2026, CBO reports
Federal budget deficit hit $2 trillion after 11 months of fiscal year 2026, the CBO reported. Social Security, Medicare, Medicaid and national debt interest drove spending higher.
The US federal government's budget deficit fell by 52 percent in August compared to the same month last year, dropping to $167 billion.
The US budget deficit in August was $167 billion, compared to $432.308 billion a month earlier, according to a report from the Ministry of Finance.
The US federal government's budget deficit fell by 52 percent in August compared to the same period last year, dropping to $167 billion, while the total deficit for the first 11 months of fiscal year 2026 reached $1.97 trillion.
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