Follow the real-time increase in the United States Federal Budget Deficit in FY 2026.
(fiscal year runs through October 2025 to September 2026)
Federal budget
Federal budget deficit
Balance of federal government expenses and revenues in FY 2026
$ 2.2 trillion projected for FY 2026, after $ 1.7 trillion in FY 2025.
FEDERAL BUDGET DEFICIT/GDP
Ratio budget deficit to GDP in FY 2026
0
.3%
Deficits have averaged 3.8% over the past 50 years.
REAL BUDGET DEFICIT
Federal budget deficit to revenues ratio in FY 2025
0
,4%
The US would have to increase tax collection by 34,4% to have a balanced budget. (revenues $5.2 trillion, outlays $6.97 trillion).
TAX BURDEN
Tax-to-GDP ratio (2023)
0
.4%
The US ranks 31st out of the 38 OECD countries in terms of the tax-to-GDP ratio in 2023. France was first (43.8%), followed by Denmark (43.4%) and Italy (42.8%). OECD average was 33,9%. Switzerland’s ratio is 27,1%.
LAST BUDGET SURPLUS
24 years of running deficits
0
In the last 50 years, the federal government budget has run a surplus four times, most recently in 1998, 1999, 2000, 2001 under the Clinton administration.
Sources : U.S. Department of the Treasury, Congressional Budget Office (CBO), U.S. Congress, OECD, Committee for a Responsible Federal Budget (CRFB).