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 Fillable Online Ranking the States by Fiscal Condition Fax 2018-2025

Map 3107a 2018-2025 Form

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the US government deficit has reached more than $2 trillion for the fiscal year 2023 ending September after adjustments removing the impact of President Joe Biden's student law and forgiveness program in other words the government of the largest economy in the world spent $2 trillion more than it collected in revenues in fiscal 2023 as you can see on the chart this is $1 trillion more than in the previous fiscal year when the government had $996 billion in deficit one of the notable spending were for example net interest on record national debt which amounted to $184 billion the entire breakdown has been conveniently presented by Bloomberg on the below graphic next year it is likely that the deficit won't reach two trillion dollar but many economists and analysts anticipate that a new normal is above $1 trillion

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