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US 2023 fiscal deficit $1.695 trillion vs $1.375 trillion in 2022 | Forexlive

What happens to the deficit when the economy turns? I know some of this is long-term infrastructure spending but if the bond market is signalling problematic deficits, some tough choices are going to have to be made.

  • Sept deficit $171B vs -$78.6B expected
  • Sept 2022 deficit $430B

The deficit in the 2023 fiscal year was larger than every pre-covid deficit.