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By the Numbers
Federal budget deficit, last 12 months
Federal outlays minus federal receipts over the twelve months ending in the month shown, from the Monthly Treasury Statement.
Latest (September 2026)$1.99 trillionDollars over the 12 months to the date shown; a negative figure is a surplus
A year earlier (September 2025)$1.78 trillion+12.2% from a year earlier
High since January 2000$4.09 trillionMarch 2021
Low since January 2000-$277.7 billionApril 2001
Federal budget deficit, last 12 months
Dollars over the 12 months to the date shown; a negative figure is a surplus. Monthly data.
The last 24 months
| Month | Value | Change |
|---|---|---|
| September 2026 | $1.99 trillion | +$224.9 billion |
| August 2026 | $1.77 trillion | -$178.0 billion |
| July 2026 | $1.95 trillion | +$141.2 billion |
| June 2026 | $1.80 trillion | +$147.3 billion |
| May 2026 | $1.66 trillion | -$23.4 billion |
| April 2026 | $1.68 trillion | +$43.4 billion |
| March 2026 | $1.64 trillion | +$3.6 billion |
| February 2026 | $1.63 trillion | +$0.5 billion |
| January 2026 | $1.63 trillion | -$34.0 billion |
| December 2025 | $1.67 trillion | +$58.0 billion |
| November 2025 | $1.61 trillion | -$193.5 billion |
| October 2025 | $1.80 trillion | +$26.9 billion |
| September 2025 | $1.78 trillion | -$133.7 billion |
| August 2025 | $1.91 trillion | -$35.3 billion |
| July 2025 | $1.94 trillion | +$47.4 billion |
| June 2025 | $1.90 trillion | -$93.0 billion |
| May 2025 | $1.99 trillion | -$31.1 billion |
| April 2025 | $2.02 trillion | -$48.9 billion |
| March 2025 | $2.07 trillion | -$75.9 billion |
| February 2025 | $2.15 trillion | +$10.7 billion |
| January 2025 | $2.14 trillion | +$106.7 billion |
| December 2024 | $2.03 trillion | -$42.6 billion |
| November 2024 | $2.07 trillion | +$52.8 billion |
| October 2024 | $2.02 trillion | +$190.9 billion |
Sources: U.S. Department of the Treasury, Monthly Treasury Statement, FRED, Federal Reserve Bank of St. Louis (MTSDS133FMS). Updated November 9, 2026. Latest figure: September 2026. Figures are as published and may be revised by the source.
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