Uncle Sam's Report Card: The Government's Final FY2026 Numbers, Line by Line

Washington spent $7.4 trillion, took in $5.4 trillion and borrowed nearly $2 trillion. Interest on the debt now costs more than the entire defense budget. Here's the Treasury's own scorecard.

By Clara Hughes

Fiscal year 2026 ended Sept. 30. This month, the Treasury Department published its Final Monthly Treasury Statement for the year: the official tally of what the federal government took in, what it spent, and what it borrowed. Here's what it says, in plain English. The bottom line Receipts: $5.403 trillion Outlays: $7.396 trillion Deficit: $1.992 trillion That deficit is $217 billion bigger than fiscal 2025's $1.775 trillion, an increase of about 12%, according to the Treasury figures and the Joint Economic Committee Republicans' monthly fiscal update. The JEC update puts it another way: