US: Federal government posted a $1.695 trillion budget deficit in FY 2023

The US fiscal 2023 deficit surpasses all pre-COVID deficits.
The budget deficit for September totals $170 billion.

Matías Salord FXStreet

The US government recorded a budget deficit of $170 billion in September. The Treasury Department reported that total receipts for the month amounted to $467 billion, while outlays reached $638 billion.

The overall fiscal deficit for the 2023 fiscal year was $1.695 trillion, 23% larger than the previous year's deficit and surpassing all pre-COVID deficits. Outlays for the year totaled $6.1 trillion, slightly below the $6.2 trillion from the previous year, while receipts decreased from $4.8 trillion to $4.4 trillion.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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