1 min read
US government spends nearly R33 trillion more than it collects in revenue
The US budget deficit has surged 12% to nearly $2 trillion, its highest level since 2021, as soaring debt interest costs and tariff refunds offset increased government revenues.
South Africa
The US budget deficit has climbed to nearly R33 trillion, its highest level since 2021, as rising debt interest costs and tariff refunds offset increased government revenue.
About this article
- Length
- 27 words · 1 min read
- Published
- October 19, 2026
- Source
- IOL