Congressional Budget Office: Federal Government Budget Deficit of $1.9 Trillion in Fiscal Year 2026

SnapshotLaborer · 2026-03-11T22:28:03+00:00

The Congressional Budget Office predicts that the federal budget deficit will reach $1.9 trillion in the 2026 fiscal year and increase to $3.1 trillion by 2036. The deficit as a percentage of GDP will also rise, mainly due to increased net interest costs.

SnapshotLaborer

2026-03-11 22:28:03

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On March 11 local time, the Congressional Budget Office released its budget and economic outlook for 2026 to 2036. According to the forecast, the federal budget deficit for the 2026 fiscal year will be $1.9 trillion, increasing to $3.1 trillion by 2036. Relative to the size of the economy, the deficit will account for 5.8% of Gross Domestic Product (GDP) in 2026, rising to 6.7% by 2036, which is higher than the average deficit level of 3.8% over the past 50 years. The main reason for the deficit growth is the rising net interest costs.

Source: CCTV News, Original Title: “Congressional Budget Office: Federal Budget Deficit for FY 2026 to be $1.9 Trillion.”

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