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Bookmark or Share- National Deficit | U.S. Treasury Fiscal DataUnderstanding the National Deficit. A budget deficit occurs when money going out ( spending) exceeds money coming in ( revenue) during a defined period. In FY 2023, the federal government spent $ 6.13 trillion and collected $ 4.44 trillion in revenue, resulting in a deficit.
- Budget Deficit: Causes, Effects, and Prevention Strategies - InvestopediaWhat Is a Budget Deficit? A budget deficit occurs when government expenses exceed revenue. Many people use it as an indicator of the financial health of a country. It is a term more...
- US Budget Deficit by Year - The BalanceThe Congressional Budget Office (CBO) estimated by July 2021 that the fiscal year 2021 deficit would be $3 trillion. The budget deficit in 2020 was about $3.1 trillion, the largest in U.S. history. The national debt was at $28.4 trillion when fiscal year 2022 began on Oct. 1, 2021. On Feb. 14, 2022, the debt hit $30 trillion for the first time.
- Deficit Tracker | Bipartisan Policy Center$236 billion deficit, decreasing year-over-year (YOY) by $143 billion. $332 billion in revenues, increased YOY by $19 billion (6%). $568 billion in outlays, decreased YOY by $124 billion (22%). The March 2023 deficit was impacted by unique timing shifts in outlays, if not for which the deficit would have decreased $69 billion YOY in March 2024.*
- Why did the budget deficit grow so much in FY 2023? And ... - BrookingsThe federal budget deficit—the difference between government spending and revenues—increased from 5.4% of GDP in FY 2022 to 6.3% of GDP in FY 2023. Adjusting for the...
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