The US budget deficit has reached its highest level in five years.

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17/10/2026 02:17:00

The US budget deficit for fiscal year 2026 is projected to rise by $217 billion, reaching a total of $1.99 trillion.
Record-high interest payments on the national debt, exceeding $40 trillion, are contributing significantly to the growing deficit.
This marks the highest budget deficit level in five years, highlighting ongoing fiscal challenges for the US economy. Read more

Reuters reported on October 16, citing data from the US Treasury Department , that the US budget deficit in fiscal year 2026 will increase by $217 billion to $1.99 trillion, amid record-high interest payments on the national debt of over $40 trillion.

1792200396250_1784133387358214207_4291833130501011058_3b9ff8ee2263d1b660b042095b85bfc4.jpg — The US dollar. Photo: Unsplash

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