According to data released by the US Treasury Department on August 12, local time, due to the accelerated increase in federal spending, the US budget deficit in July set a record for the same period, reaching 432 billion US dollars. According to the data, the total budget deficit for the first 10 months of fiscal year 2026 reached 1.8 trillion US dollars. After adjusting for calendar factors, the size of the deficit increased by 5% compared to the same period in FY2025. Interest payments on public debt continue to be an important factor driving up deficits. Interest expenses increased by 26 billion US dollars year on year in July, reaching a cumulative total of 1.17 trillion US dollars so far this fiscal year, an increase of 15% year over year, partly due to rising US Treasury yields. After adjustments, total expenditure in July increased by 37 billion US dollars compared to July 2025, and revenue decreased by 12 billion US dollars. The decline in revenue partly reflects the continuation of tariff refunds.

According to data released by the US Treasury Department on August 12, local time, due to the accelerated increase in federal spending, the US budget deficit in July set a record for the same period, reaching 432 billion US dollars. According to the data, the total budget deficit for the first 10 months of fiscal year 2026 reached 1.8 trillion US dollars. After adjusting for calendar factors, the size of the deficit increased by 5% compared to the same period in FY2025. Interest payments on public debt continue to be an important factor driving up the deficit. Interest expenses increased by 26 billion US dollars year on year in July, reaching a cumulative total of 1.17 trillion US dollars so far this fiscal year, an increase of 15% year on year, partly due to rising US Treasury yields. After adjustments, total expenditure in July increased by 37 billion US dollars compared to July 2025, and revenue decreased by 12 billion US dollars. The decline in revenue partly reflects the continuation of tariff refunds.