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Trump policies drive largest U.S. deficit in five years
The article explains that the United States' budget deficit for 2026 has experienced a significant increase, reaching $1.99 trillion—the largest in the past five years—due to increased spending and reduced customs revenue. Total revenues amounted to $5.40 trillion, up by 3%, while expenditures reached $7.40 trillion, an increase of 6%. Debt service expenses also rose to $1.36 trillion following cuts in customs revenue as a result of a judicial ruling. Despite the rise in revenues, the issue of the national debt, which has exceeded $40 trillion, continues to contribute to the growing deficit. Treasury officials estimate the deficit-to-GDP ratio at approximately 6.2%, up from 5.8% in 2025. This deficit stems from policies implemented by Trump, increased spending, and reductions in customs revenue, posing a significant challenge to the U.S. economy amid rising debt levels and weak customs income.
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