Monthly Budget Review: Summary for Fiscal Year 2016

Federal Revenues and Outlays, 1980 to 2016

In fiscal year 2016, which ended on September 30, the federal budget deficit totaled $587 billion—$148 billion more than the shortfall recorded in 2015. Measured as a share of the nation’s gross domestic product, the deficit increased to 3.2 percent in 2016, up from 2.5 percent in 2015.

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