[US Fiscal Deficit Reaches $404 Billion in October, Up 42% Year-on-Year] According to Jinse Finance, data released by the US Treasury Department on November 13th shows that the US fiscal deficit reached $404 billion in the first month of fiscal year 2027 (October 2026), an increase of 42% year-on-year. Government spending in October increased by 12% year-on-year to $773 billion, while tax revenue decreased by 9% to $369 billion, with tariff revenue declining by approximately 39% year-on-year to $19.2 billion. Increased military spending, healthcare, and national debt interest payments pushed up government spending, while higher-than-expected tariffs and corporate tax refunds dragged down tax revenue. The US Treasury Department projects that the fiscal deficit for this fiscal year will increase slightly to approximately $2.2 trillion. The previous fiscal year's US fiscal deficit was $1.99 trillion, approximately 6% of GDP.