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August Budget Gap Narrows to $167B, Far Below $404B Forecast
The August US budget deficit was $167 billion, well below the $404 billion consensus, after a near-record $432 billion shortfall the prior month.
11/09/2026 18:113 min read
Last month's shortfall of $432 billion came close to a monthly record; however, a large portion of that expenditure appears to have been shifted from August, given the improvement in the most recent month.
- The year-to-date fiscal deficit stands at $1.966 trillion, compared with $1.973 trillion in the same period a year earlier.
- Outlays reached $527 billion, down from $689 billion a year ago.
- Receipts totaled $360 billion, rising from $344 billion a year earlier.
- Net customs receipts were $12.836 billion.
This figure might ease some of the pressure on Treasuries, though the month-to-month data is hard to interpret due to shifting spending patterns.
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