In fiscal year 2023, which ended on September 30, the federal budget deficit totaled nearly $1. 7 trillion—an increase of $320 billion (or 23 percent) from the shortfall recorded in the previous year.
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In fiscal year 2023, which ended on September 30, the federal budget deficit totaled nearly $1.7 trillion—an increase of $320 billion (or 23 percent) from the shortfall recorded in the previous year. 
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