The Federal Government ran a $1.8T budget deficit for the fiscal year, with a $560B deficit in the last quarter alone.

and an annual deficit or surplus helps build up (or trim down) the overall debt total, which at any given point is a snapshot. The deficit is an annual measure, while a pile of debt, as mentioned ...

September did offer a bit of relief with a budget surplus, but that was largely because of timing quirks. The Treasury moved some benefit payments into August, which saw a $380 billion deficit ...

Treasury delivered a budget surplus on Tuesday night However, structural deficits mean it will turn red next year Deficits will be due to unavoidable spending READ MORE: Every Australian household ...

For September, the government reported a $64 billion surplus, compared to a $171 billion deficit in September 2023, but the improvement was largely due to calendar adjustments for benefit payments.

two wars on the nation's credit card, an unfunded expansion of an entitlement program, and general overspending turned what could've been a cushy surplus into a huge deficit.

The U.S. plastics industry returned to a trade surplus in 2023 but the change is likely to be temporary, with deficits returning through 2030, according to a new report from the Plastics Industry ...