National Deficit | U. S. Treasury Fiscal Data As the federal government experiences reoccurring deficits, which are common, the national debt grows To learn more about the national debt, visit the National Debt Explainer The visualization below shows how deficits from previous years are added to the current year’s deficit to equal total debt
The Current Federal Deficit and Debt Every month, the U S Treasury releases data on the federal budget, including the current deficit or surplus The following contains budget data for September 2025, the final month of fiscal year (FY) 2025
Deficit Tracker - Bipartisan Policy Center Each year’s deficit adds to the already enormous national debt, with interest costs driving further spending growth The annual deficit is the product of numerous cash flows into and out of the Treasury that reflect past choices by lawmakers
US Fiscal Deficit by Year (2001–2025): Key Insights and Trends Looking back over the past 25 years, it’s clear that the U S government has mostly run budget deficits, with only one year showing a surplus Large events such as the 2008 financial crisis and the COVID-19 pandemic took a massive toll on these deficits
Government Deficits Explained: When Uncle Sam Spends More Than He Takes . . . But what do these terms actually mean for you and the country? Government deficits affect everything from interest rates on your mortgage to the government’s ability to respond to the next crisis And not all deficits are created equal
Deficit Definition | Investing Dictionary | U. S. News What Is a Deficit? A deficit is a financial imbalance that happens when debt, expenses or liabilities are greater than revenue, income or assets The term can also refer to a trade imbalance in