can you tell me the government deficit for the last 5 years, for fiscal year 2022 through fiscal year 2026 (which ended September 30, 2026)?
Yes—here are the U.S. federal budget deficits for fiscal years 2022–2026, in nominal dollars, rounded to the nearest billion:
| Fiscal year ended September 30 | Deficit |
|---|---|
| 2022 | $1,374 billion ($1.374 trillion) |
| 2023 | $1,687 billion ($1.687 trillion) |
| 2024 | $1,815 billion ($1.815 trillion) |
| 2025 | $1,775 billion ($1.775 trillion) |
| 2026 | $1,992 billion ($1.992 trillion) |
The 2022–2025 figures reflect the updated historical series published by the Federal Reserve using OMB data; earlier reports may show slightly different amounts because of revisions. The 2026 figure is Treasury’s reported year-end result. St. Louis Fed
The deficit increased by approximately $217 billion, or 12.2%, in FY2026 compared with FY2025. A deficit is the amount spending exceeded revenue during that year, rather than the total outstanding national debt.
Now project the deficits out through fiscal year 2035 assuming that they will increase 12.2% every year. I know there are a lot of other projections and factors that go into this but I am just looking at the recent trend.
Starting with the FY2026 deficit of $1.992 trillion, and increasing it by 12.2% each year, the projection is:
| Fiscal year | Projected annual deficit |
|---|---|
| 2026 — starting amount | $1.992 trillion |
| 2027 | $2.235 trillion |
| 2028 | $2.508 trillion |
| 2029 | $2.814 trillion |
| 2030 | $3.157 trillion |
| 2031 | $3.542 trillion |
| 2032 | $3.974 trillion |
| 2033 | $4.459 trillion |
| 2034 | $5.003 trillion |
| 2035 | $5.613 trillion |
Formula: Annual deficit = $1.992 trillion × 1.122^(year − 2026).
Under this assumption, the annual deficit would roughly double in six years and reach 2.82 times its FY2026 level by FY2035. This is a compounded trend projection using your assumption.
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