| Consensus | Consensus Range | Actual | Previous | |
| Balance | $-324.5B | $-440.0B to $-275.0B | $-432.308B | $-120.3B |
Highlights
The Treasury records a budget deficit of $432.308 billion in July compared with a deficit of $291.143 billion in July a year ago, unadjusted for calendar differences. The result compares with expectations centering on a deficit of $324.5 billion for the latest month. Forecasts ranged from deficits of $440 billion to $275 billion.
The July 2026 deficit reflects budget outlays at $766.318 billion compared with $629.635 billion in July of last year, while receipts at $334.010 billion compared with $338.492 billion last year.
The fiscal year to date deficit is $1.799 trillion versus $1.629 trillion year to date in fiscal 2025.
On a calendar-adjusted basis, the deficit for July 2026 is $333 billion versus $283 billion in July 2025. The deficit for year to date is $1.700 trillion versus $1.621 trillion in 2025 on a calendar adjusted basis.