Federal Budget: Government Deficit Exceeds $1.6T in 2025
Exploring Finance | SchiffGold | 14 Jan, 2026
Federal Budget
The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit.
The government fiscal year closes at the end of September, but this analysis will look at the calendar year budget. As shown below, the last three months saw large deficits, all exceeding $145B. In the most recent period, December had a $145B deficit vs last December where the deficit was only $87B.
Figure: 1 Monthly Federal Budget
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