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US budget deficit reaches 1.99T in 2026
According to data from the U.S. Treasury Department, the budget deficit for the 2026 fiscal year has risen to $1.99 trillion, an increase of $217 billion compared to the previous year. This is mainly due to the repayment of customs duties and increased spending, especially on debt servicing, which has surpassed $40 trillion. This fiscal year is the largest in the past five years, with revenues reaching $5.40 trillion and expenditures totaling $7.40 trillion, including debt service expenses of $1.36 trillion. The deficit as a percentage of GDP is approximately 6.2%, up from 5.8% in 2025. The total U.S. government debt now exceeds $40 trillion.
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