Business

October–December US Budget Deficit Down 15 Percent From Previous Year

Receipts rose 13 percent while outlays ticked up 2 percent in the first three months of the fiscal year.
October–December US Budget Deficit Down 15 Percent From Previous Year
The national debt clock is displayed in Washington on April 14, 2025. Madalina Vasiliu/The Epoch Times
Andrew Moran
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In the first three months of fiscal year 2026, the U.S. budget deficit declined 15 percent from a year earlier, according to new data released by the Treasury Department.

Fiscal year to date—October to December—the budget deficit totaled $602 billion.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."